This letter informs a franchisee that he/she is in default of a franchise agreement and failure to take timely action to cure each of the defaults listed in the letter will result in the franchisor taking remedial actions as granted in the agreement.
Oklahoma Form Letters - Notice of Default
State:
Multi-State
Control #:
US-7-02-1-STP
Format:
Word;
Rich Text
Instant download
Description
How to fill out Form Letters - Notice Of Default?
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FAQ
This Notice of Default may be used by a landlord in Texas to notify a commercial tenant that has defaulted in its obligation to pay rent that if the tenant does not pay all rent due, the landlord may pursue any remedies available to it under the lease.
The main objective of any default clause is to give the commercial landlord the legal means either (1) to cause the tenant to cure the breach in an expeditious manner; (2) to swiftly and efficiently obtain a judgment of eviction against a tenant in default of the lease and thus be able to re-let the premises to a new ...
If your business defaults on a lease, it means that you fail to comply with one or more provisions in the leasing agreement. When this happens, your landlord sends your company an official letter. They have the right to hold you accountable for any missing payment and damages associated with your default.
If a lockout is not sufficient, a landlord may initiate an eviction lawsuit?known as a forcible detainer proceeding in Texas?against the tenant. Before filing a forcible detainer action, the landlord must give the tenant at least three days written notice to vacate the property.
Texas law gives the landlord or the tenant the explicit right to end a lease early in a few specific circumstances: Military Service. ... Family Violence. ... Sexual Offenses or Stalking Victims. ... Tenant's Death. ... Landlord's Failure to Repair. ... Landlord's Failure to , Inspect, or Repair a Smoke Alarm.
