This Notice of Intent Not to Renew at End of Specified Term from Landlord to Tenant for Non-Residential or Commercial Property means that no notice is required to terminate a lease which ends at a specific date. Example: "This lease begins on January 1, 2005 and ends on January 1, 2006". However, Landlords and Tenants routinely renew such leases. This form is for use by a Landlord to inform the Tenant that the lease will not be renewed at the end of the specific term and to be prepared to vacate at the end of the lease term.
A Franklin Ohio Notice of Intent Not to Renew at the End of Specified Term from Landlord to Tenant for Nonresidential or Commercial Property is a legal document that outlines the landlord's decision not to renew a lease agreement for a nonresidential or commercial property in Franklin, Ohio. This notice is crucial for both parties involved as it signals the landlord's intention to terminate the lease and notifies the tenant to vacate the premises by the specified date. Keywords: Franklin Ohio, notice of intent, not to renew, end of specified term, landlord, tenant, nonresidential property, commercial property. There are several types of Franklin Ohio Notice of Intent Not to Renew at the End of Specified Term from Landlord to Tenant for Nonresidential or Commercial Property, including: 1. Standard Notice of Intent Not to Renew: This is the most common type of notice, where the landlord informs the tenant of their decision not to renew the lease at the end of the specified term. 2. Notice of Intent Not to Renew Due to Breach of Lease Agreement: In cases where the tenant has breached the terms of the lease agreement, the landlord may choose not to renew the lease and can serve this notice outlining the reasons for termination. 3. Notice of Intent Not to Renew for Rent Increase: In situations where the landlord plans to increase the rent significantly at the end of the lease term, they may serve this notice to inform the tenant of their intention and give them an opportunity to make an informed decision regarding the future of their tenancy. 4. Notice of Intent Not to Renew for Property Repurposing: Sometimes, landlords may choose not to renew a lease because they intend to repurpose the property for other uses, such as redevelopment or remodeling. This notice will specify the reasons for non-renewal due to the planned changes. 5. Notice of Intent Not to Renew for Non-Renewal Option: In some lease agreements, there may be a clause giving the landlord the right not to renew the lease without providing a specific reason. In such cases, this notice would serve as a simple notification of the landlord's decision. Regardless of the specific type of notice, it is crucial for both parties to understand their rights and responsibilities as outlined in the original lease agreement and state laws. Seeking legal advice is highly recommended ensuring compliance and a smooth transition for both the landlord and tenant.
