Michigan Letter from Landlord to Tenant as Notice of Default on Commercial Lease

Michigan Letter from Landlord to Tenant as Notice of Default on Commercial Lease
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State:
Michigan
Control #:
MI-824LT
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Available formats: Word | Rich Text

Description

This is a notice between a Tenant and Landlord. It is a Notice of Default to Tenant, listing specific breaches and deadline for cure of breaches. If tenant refuses to cure the breach then landlord may execute his/her rights under applicable law, including the right to evict tenant.

In landlord-tenant law, default refers to the failure of a tenant to timely pay rent due. In anticipation of such an occurence, landlords commonly require a new tenant to pay a security deposit, which may be used to remedy defaults in payment of rent and other monetary obligations under the rental agreement. In general, the landlord is required to give the tenant notice of the default before bringing eviction proceedings or applying security deposit proceeds to the payment in default. The fixing of a definite default date for payment of rent can be critical if it becomes necessary to evict a tenant for a default in the payment of rent. Landlords often require a background and/or reference check on prospective tenants in an attempt to minimize defaults in rent payments.

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FAQ

What are the consequences of breaking a commercial lease?

What happens when you default on a commercial lease?

How do I get out of a commercial lease early?

Can a landlord give a tenant notice?

What happens if you walk away from a commercial lease?

How do you write a notice letter to a tenant?

Can I get out of a commercial lease early?

What makes a commercial lease invalid?

Can a landlord end a commercial lease early?

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