This office lease provisions stats that the tenant has the right to cancel the lease at any time after the expiration of the first sixty (60) months of the initial term of the lease by giving the landlord at least one hundred and twenty (120) days prior notice of such cancellation.
Colorado Simple Cancellation Provisions for Tenant
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How to fill out Simple Cancellation Provisions For Tenant?
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FAQ
Generally, if the leased premises are taken by government power or eminent domain, the lease will be terminated as of the date of taking (unless the lease specifically provides otherwise), and the tenant's obligation to pay rent would cease.
In the state of Colorado, the amount of notice needed from a tenant wishing to end a lease is 91 days for a yearly lease, 28 days for 6 months-a year lease, 21 days for a monthly lease, and 3 days for a weekly lease. In the lease agreement, you should also outline your responsibility as a landlord to re-rent the unit.
A lease can be terminated in a number of ways, but most frequently, a lease or rental agreement is terminated by expiration of the lease's term OR by mutual consent.
A landlord can use a 30 day-notice to end a month-to-month tenancy if the tenant has been renting for less than a year. A landlord should use a 60-day notice if the tenant has been renting for more than one year and the landlord wants the tenant to move out. (CCP Section 1946.1.)
For example, if a tenant has a six month break clause in their contract and decides to give two months' notice at month five, then the tenancy will end at month seven - even if the landlord doesn't give their agreement/permission.
One type of leasehold estate is the "estate for years," which means the tenant will lease the property for a specified length of time. It is sometimes also called tenancy for years or estate for term. In this type of lease, there is a defined beginning date and ending date for a specific term.
Expiration - If the original term of the lease expires, the lease is terminated. Mutual agreement - Both landlord and tenant can agree to terminate a lease. Destruction or condemnation of the property - If property is destroyed, damaged, or condemned to the point that it cannot be used, the lease is terminated.
A tenancy for one year or longer: 90 days' notice 2. A tenancy between 6-12 months: 28 days' notice 3. A tenancy between one and six months: 21 days' notice 4. A tenancy between one week and one month, or a tenancy at will: 3 days' notice.
