This Notice of Intent Not to Renew at End of Specified Term from Landlord to Tenant for Non-Residential or Commercial Property means that no notice is required to terminate a lease which ends at a specific date. Example: "This lease begins on January 1, 2005 and ends on January 1, 2006". However, Landlords and Tenants routinely renew such leases. This form is for use by a Landlord to inform the Tenant that the lease will not be renewed at the end of the specific term and to be prepared to vacate at the end of the lease term.
A Letter of Intent (LOI) Not to Renew Lease is an official written document that communicates a tenant's decision to terminate their lease agreement and vacate the rented premises at the end of the current lease term. This letter serves as an official notification to the landlord about the tenant's intention not to renew the lease. Keywords: letter of intent, not to renew lease, terminate lease agreement, vacate, rented premises, current lease term, official notification, landlord, intention. There are several types of Letters of Intent Not to Renew Lease, including: 1. Residential Letter of Intent Not to Renew Lease: This type of letter is commonly used by tenants living in rental houses, apartments, or other residential units to inform their landlord that they do not wish to extend their lease agreement beyond the current term. 2. Commercial Letter of Intent Not to Renew Lease: This letter is utilized by business owners or commercial tenants who lease office spaces, retail units, or industrial properties. It states their decision to vacate the leased premises upon the lease expiration. 3. Month-to-Month Letter of Intent Not to Renew Lease: When tenants are on a month-to-month lease agreement, they can use this letter to inform their landlord that they do not wish to renew the lease for another month and will be moving out. 4. Early Termination Letter of Intent Not to Renew Lease: In situations where tenants need to terminate their lease before the agreed-upon expiration date, this type of letter is employed to notify the landlord about the early termination and the tenant's intention to vacate the premises. 5. Sublease Letter of Intent Not to Renew Lease: When a tenant subleases the property to another party, they may use this letter to inform both the original landlord and the sublessee that upon the lease expiration, the tenant will not be renewing the lease and consequently terminating the sublease agreement. In any case, writing a detailed Letter of Intent Not to Renew Lease is crucial to ensuring clarity and maintaining a good landlord-tenant relationship. It should clearly state the tenant's decision, mention the current lease term, specify the intended date of vacating the premises, and express gratitude towards the landlord for past accommodations.
