This Notice of Default in Payment of Rent as Warning Prior to Demand to Pay or Terminate for Non-Residential or Commercial Property form is for use by a Landlord to inform Tenant of Tenant's default in the payment of rent as a warning prior to a pay or terminate notice. The form advises the Tenant of the due date of rent and the consequences of late payment. This form may be used where you desire to remind the Tenant of payment terms, the default, demand payment and inform the Tenant that under the laws of this state or lease, the Landlord may terminate if rent is not paid timely.
Nebraska Commercial Landlord Tenant Act For Commercial Real Estate
State:
Nebraska
Control #:
NE-1301LT
Format:
Word;
Rich Text
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How to fill out Nebraska Notice Of Default In Payment Of Rent As Warning Prior To Demand To Pay Or Terminate For Nonresidential Or Commercial Property?
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FAQ
Units with a base rent less than 80% of CPI may increase rent by up to 8% per year until the rent reaches 81% of average rent as published by RENTcafe. Only one rent increase is allowed every 12 months based upon the regional Consumer Price Index (CPI). Effective July 1, 2020, the annual allowable increase is 3%.
A commercial landlord is responsible for all the fixtures and fittings they own and these must be safely installed and maintained properly. The tenant is responsible for the safety and maintenance of any fixtures and fittings they have installed, and that should be clear in the lease.
Unfortunately, most commercial leases specify that rent can be adjusted upwards only, which means your rent can only either increase or stay the same with each review. Even if market prices are falling, your rent will remain static rather than decrease.
Building insurance on a commercial property is arranged by the property owner. This could be the landlord or an owner-occupier. In the case of a rented property, the landlord might pass off the premiums to the tenant to pay as part of the rental contract.
By law, a landlord must give one months' notice before increasing rent, if their tenant pays their rent on a weekly or monthly basis.