This form is for use by a Tenant to terminate a year-to-year non-residential lease. "Non-Residential" includes commercial, industrial, etc. Unless a written agreement provides otherwise, the Tenant does not have to have a reason for terminating the Lease in this manner, other than a desire to end the lease. A year-to-year lease is one which continues from year-to-year unless either party chooses to terminate. Unless a written agreement provides for a longer notice period, 60 days notice is required prior to termination in this state. The notice must be given to the Landlord within at least 60 days of the end of the current lease year. The form indicates that Tenant has chosen to terminate the lease, and states the deadline date (which is the end of the yearly term) by which the Tenant will vacate the premises. For additional information, see the Law Summary link.
A lease termination letter is a formal document that is used by either the landlord or the tenant to officially end a rental agreement. It provides a written notice to the other party explaining the intent to terminate the lease and includes important details such as the date of termination, any required notice period, and any specific terms that must be met. There are several types of lease termination letters that can be used depending on the specific circumstances. Some common examples include: 1. Tenant Lease Termination Letter: This type of letter is sent by the tenant to the landlord to terminate their rental agreement. It should clearly state the date they wish to end the lease, the reason for termination, and any required notice period as mentioned in the lease agreement. 2. Landlord Lease Termination Letter: On the other hand, a landlord may choose to terminate the lease with their tenant. This letter should state the reason for termination, the date of termination, and any specific requirements or considerations that need to be addressed. 3. Early Termination Letter: This type of letter is used when either the landlord or the tenant wishes to terminate the lease before the agreed-upon end date. It should outline the reasons for early termination and any potential consequences or penalties as stipulated in the lease agreement. 4. Lease Termination Notice Letter: This is a formal notification sent by either the landlord or the tenant to inform the other party of their intention to terminate the lease. It should include the date of termination, any required notice period, and any other pertinent information. 5. Commercial Lease Termination Letter: For commercial properties, a specific lease termination letter is required. This letter should include the names of both parties, the property address, the lease termination date, and any relevant terms or conditions stated in the commercial lease agreement. Overall, regardless of the type of lease termination letter being used, it is crucial to ensure that it is written professionally, clearly stating the intent to terminate the lease, and complying with the terms outlined in the original lease agreement.
