commercial lease default letter template

There are a number of potential reasons a landlord may choose not to renew a tenant’s lease. Reasons for a landlord not renewing a lease As a rule of thumb, a landlord will send a lease non-renewal letter to a tenant even if the lease does not specifically require the notice. If a lease non-renewal letter is not delivered with sufficient notice, a tenant may be liable for additional rent or a landlord may be in violation of local and state housing laws. However, the exact number of days before the end of a lease that a non-renewal letter must be sent varies based on the terms and conditions of the lease and the state landlord-tenant law where the property is located. Generally speaking, a lease non-renewal letter is sent 60 days before the ending date of a lease. Ī lease non-renewal letter is sent prior to when the lease ends.

A tenant can also send notice to a landlord that a lease is not being renewed.Ī lease non-renewal letter is a written notice sent by a landlord to a tenant, or by a tenant to a landlord, informing the other party that the current lease is not going to be renewed.ĭepending on the customs of a local real estate market, a lease non-renewal letter may also be known as a lease termination letter, a notice not to renew a lease, notice/intent to vacate, or non-renewal of lease letter.Reasons for a landlord not renewing a lease may include constant problems with a tenant, tenant violating terms and conditions of the lease, or simply the desire to rent to a different tenant.Other names for a lease non-renewal letter include a lease termination letter and a notice not to renew a lease.A lease non-renewal letter is a written notice from a landlord to a tenant that a lease is not being renewed.In this article, we’ll take a look at the key benefits of sending a lease non-renewal letter to a tenant, explain how to write a basic non-renewal letter, and provide links to download a free lease non-renewal letter template. As a general rule, a landlord will send a lease non-renewal letter to a tenant providing official notice that the current lease will not be renewed. Many lease agreements have an automatic month-to-month renewal clause that goes into effect unless a landlord or tenant provides notice that a lease is not being renewed.

Commercial lease default letter template