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White Out Commercial Lease Termination Notice

White Out Commercial Lease Termination Notice

Aug 6th, 2022

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How to White Out Commercial Lease Termination Notice

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The residential real estate market is experiencing high demand and low inventory, but the commercial real estate landscape is also in focus as business owners assess their current leases. Reasons for this review may include relocation, downsizing, or exploring lease termination. It's crucial to consult an attorney for a comprehensive understanding of lease agreements, as options may vary. This video will outline common lease clauses to consider for the possibility of ending a lease early. The importance of having the right legal support is emphasized by attorney Alexis Johnson of AFJ Law Group.

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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 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 you write a letter to get out of a commercial lease?

What information should be included in the letter? The address of the property (The landlord may have many properties to manage. The specific date you plan to vacate. The date you plan to surrender the keys. The date you plan to have the utilities turned off. A request for a property inspection. A forwarding address.

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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