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A commercial lease termination letter is a document used to cancel a lease between a landlord and a tenant. It can be written by either party intending to terminate early, rejecting an option to renew, or giving notice of a lease violation/default.
A landlord or tenant may terminate a commercial lease if the other party breaches its terms. For example, a landlord may terminate for breach of lease due to a tenants failure to pay rent, unauthorized alterations, or usage of the property for unauthorized purposes.
The 7-Step Guide to Conducting a Commercial Eviction Review the lease agreement. Provide written notice. Allow for a notice period. File an eviction lawsuit. Attend a court hearing. Receive court judgement. Eviction enforcement.
If a lease violates public policy, it is void. The lease is null and void if discrimination takes place there. For instance, a commercial lease that specifies that the tenant must not provide services to members of a particular religion or racial minority group is void.
A default is a failure to comply with a provision in the lease. Curing or remedying the default means correcting the failure or omission. A common example is a failure to pay the rent on time.
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Just write formally, and concise. To whom it may concern, I am ending the lease on effective . (Optional but polite) If you have any questions you may reach me at . You may want to add why. Dont be vindictive (Ie Because youre an awful landlord and smell like a skunk.) it may come back to haunt you.
A notice of default can result when a homeowner fails to pay as required under his mortgage or deed of trust. In a lease situation, a notice of default can be sent by either the landlord or tenant, claiming that one of them has violated a condition of the lease.
Can a Commercial Lease Be Terminated Early? Your business is expanding and needs more space. You need less space due to downsizing. The landlord is failing to meet expectations. Youre consolidating your portfolio through a merger or acquisition.

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