Raleigh North Carolina Warning of Default on Commercial Lease

State:
North Carolina
City:
Raleigh
Control #:
NC-866LT
Format:
Word; 
Rich Text
Instant download

Description

This Warning of Default on Commercial Lease is a warning letter from landlord to tenant expressing concern that if certain conditions are not remedied, tenant will be held in default under the lease agreement.


In landlord-tenant law, default usually 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

A landlord can bring a possession order against the tenant of a commercial property by virtue of section 25 of the Act or by forfeiture.

For month-to-month leases, there must be seven days of notice. For year-to-year leases or those with other definite terms, landlords must notify the tenant, or vice versa, within a month of the end of the lease. On leases lasting between one week and one month, notice must be given at least two days in advance.

Rental lease agreement violations are not uncommon. Even the most responsible tenants might make a mistake every once in a while....Here are the most common violations and how you should handle them. Long-Term Guests.Unauthorized Pets.Unpaid Rent.Property Damages.Commercial Use of Property or Unit.

Most states, including Texas, have laws allowing a landlord to evict a tenant for violating a portion of the lease or rental agreement. Lease violations include having a pet despite a no-pets policy, willfully damaging the rental property, and not moving out of the rental property at the end of the lease period.

Here are some of the most important items to cover in your lease or rental agreement. Names of all tenants.Limits on occupancy.Term of the tenancy.Rent.Deposits and fees.Repairs and maintenance.Entry to rental property.Restrictions on tenant illegal activity.

10 Important Rental Lease Clauses to Include Rent Liability. This clause states that tenants are jointly and severally liable for the full rent amount.Severability Clause.Access to Premises.Use of Premises.Holding Over.Sublet Rules.Disturbance Clause.Lessee to Maintain.

A landlord can't force you to move out before the lease ends, unless you fail to pay the rent or violate another significant term, such as repeatedly throwing large and noisy parties. In these cases, landlords in North Carolina must follow specific procedures to end the tenancy.

An apparent sign that the apartment you're looking at is a scam is if the property manager, landlord, or realtor asks for rent or a security deposit before signing a lease. As a potential renter, you should never be asked to give a large sum of money before seeing and having all parties sign a lease.

To evict a tenant in North Carolina, a landlord's lease must specifically allow for termination of the tenant's right to possession, termination of the lease estate, or termination of the lease when a tenant breaches the lease.

The easiest way to start the process of evicting a commercial tenant is to file for a Possession Claim from the County Court. The Government has an online Court and Tribunal Finder and you'll need to find the court which is closest to the commercial property itself.

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Raleigh North Carolina Warning of Default on Commercial Lease