A lease termination letter is thus a formal letter written by either the tenant or the lessor and directed to either party informing them of the impending lease tenancy termination. Normally this letter is sent to the lessee or lessor a month before the planned eviction or relocation.
The termination letter is then drafted summarizing what was discussed at the meeting.
Lease cancellation letter sample. A lease termination letter is a formal letter whose content revolves around the communication of property lessor to the lessee on the closure of the breaking or expiring rental contract. From your name. A lease termination letter also referred to on occasion as a mutually agreed upon termination agreement is a document intended to completely release a tenant from his or her responsibilities as the leaseholder of a particular property.
When writing termination letters you need to be formal and direct to the point. It explains why you want to terminate the employee and outlines other details about the termination. The business between the two parties might have run its course or irreconcilable differences making it difficult for the two to continue contracting.
When your lease is up at a rented property you should always deliver a formal letter announcing that you won t be renewing or extending your lease agreement. Sometimes it s the lessee who writes this type of letter for certain reasons. These letters usually present in varying capacities with some acting as warnings in that failure to rectify the lease agreement clause being violated will result in lease termination.
Address of the apartment city date. Early lease termination letter. I would request you to kindly not renew the lease agreement after its expiration of mm dd yyyy.
If you want to end a month to month or weekly tenancy use our eviction notice instead. We completed a move in walkthrough at the start of the lease which is also attached to this letter. Dear tenant name this letter is to inform you that the lease for address signed on start date will terminate on end date and will not renew.
A lease termination letter is often to cancellation a business contract between two parties. As a reference a lease termination goes by several other names. Cancellation of lease agreement.
A lease termination letter is a notice that can be used to end a lease agreement early or to confirm that an expiring lease term will not be renewed. I have attached a copy of the lease agreement for your reference. Apartment lease termination letter.
Early lease termination letter format sample example an early lease termination letter is written when someone wants to end their lease agreement before the specified date. 23 lease termination letter templates pdf doc. A lease can be terminated early for multiple reasons the tenant has misbehaved or not paying his dues the civil maintenance needs to be done or the owner needs to sell the place for fulfilling their financial obligations.
This template can be used for tenants renting any residential or commercial property including apartments houses and offices. Dear sir madam this letter contains a formal notice for termination of the lease contract between you and me. What is a lease termination letter.