A lease termination notice template is mostly used by the landlord when a lease contract is expiring or about to expire after some days. It can also be applied if the tenant disobeyed the terms of lease agreement. For example keeping too many people in the place, don’t paying rent on time or any reasons that caused the residence to be uninhabitable. The notice is must be in writing and signed by the landlord so that there is a record of notice and portent. A lease termination notice template end the tenancy period and also describe the day by which you should leave the property.
Importance of Lease Termination Notices
It gives you the opportunity to terminate or finish an agreement before its expiry date. You need it when you came to know that you can’t deal with some specific contract. It shows your humble attitude and also protects you from shutting all futures doors. It helps to maintain your relationship with corresponding party or team. You must use respectful and correct language in your notice as it is an official document. You have to use professional format and then mention all the causes of termination in it. You can smoothly cancel your contract by simply issuing this letter to your opponent part.
Types of Lease Termination Notices
There are two types of agreement a fixed contract is for a particular period and a periodic agreement is one where the fixed contract terminated or if there is no fixed contract specified. The landlord cannot terminate your contract without any reason before the last day of fixed agreement. If the contract is not finished at the end of the term it will continue as a periodic arrangement. The lease termination notice format should include some basic information such as the address of occupancy is mentioned, name of the tenants, name of other individuals related to the agreement, reason of termination, reason of eviction and the name of the landlord.
