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Sign Commercial Lease Termination Notice

Sign Commercial Lease Termination Notice

Aug 6th, 2022

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How to Sign Commercial Lease Termination Notice

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If a tenant vacates on the day specified in a 60-day notice but hasn't paid rent for the remaining months, you can take action immediately. For instance, if you provide a notice in December terminating the lease at the end of February and the tenant fails to pay rent in January, you can issue a notice to vacate for non-payment. This approach is simpler and strengthens your case compared to waiting for a holdover situation. It’s also likely that the tenant may leave before the end of the notice period, which helps you avoid additional unpaid rent challenges.

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Got questions?

Here are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Do you need to give notice to end a commercial lease?

Usually, the tenant can only leave at the end of a period (before the next payment of rent is due), but must give at least the amount of notice required in the lease (3 months if not contracted out).

How do I terminate a commercial lease in Ontario?

For a monthly lease, you must provide the landlord one months written notice in advance. If the lease does not specify the lease as monthly, then in ance with the Commercial Tenancies Act, section 28, a months notice given no later than the end of the month is sufficient notice.

How does a tenant terminate a commercial lease?

A break clause is written into the commercial lease from the outset and allows a Tenant (and even a Landlord) to end a lease early by serving a notice on the other party.

How do I give notice on a commercial lease?

Section 25 notice (landlord terminating the commercial lease agreement) You can give your tenant notice that you plan to end their tenancy with a Section 25 notice (sometimes called an S25 notice). This confirms: the end date for your existing lease.

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