A commercial lease termination letter is a report utilized for the occupying of space (either business or private) for a while in return for month to month lease. You can use this report to be addressed to your landlord to make the negotiation works easier. If you haven’t got an opportunity to assemble a rent and lease arrangement previously, we’re posting here the main subtleties you need to ask and uncover on your understanding.
When Mostly Is This Letter Received?
Much of the time, a notification of ending a lease should be sent 30 days before the rent time end, yet you should examine your lease to guarantee you’re following the method. Even though 30 days is the standard, it depends on the agreement. It could cost you cash on the off chance that you compose a business rent end letter to your property manager that incorporates all the correct data, however, it’s sent 15 days past the necessary notification date.
What Data Should Be Stated For The Letter?
The moment when your business lease is reaching an end and you’ve discovered a more reasonable area for your business, there is some part of the letter ought to contain to assist both your business and the property manager. Those are:
- The location of the property.
- The particular date you intend to abandon.
- The date you intend to give up the keys.
- The date you intend to end the utilities.
- A solicitation for property investigation.
- The latestaddress of your home.
- Your contact
What Necessary Data Should Be Included In Case You’re Ending It Early?
On the off chance that you plan an early end of the rent, recognize that reality in our first explanation. Give support to your activities from a business angle, and if there are arrangements in the rent for the early end, make certain to reference them. If you just find out a penalty stated in the letter, try to negotiate with your property manager to moderate the expense to you.
Example Of Commercial Lease Termination Letter
Dear Mr. Brody:
The commercial lease agreement entered into on June 1st, 2020 is set to expire on December 31st, 2020. The purpose of this letter is to inform you that I, John Smith, will not be renewing the lease for the property you have provided located at 201 High Montana. During September 2020 we will be relocating to our new office soon.
My business has grown significantly, especially in these recent months. Although we have worked for a few months, I as the owner of the business have decided to build a new facility which is larger and reachable to our customer base. As of September 10th, 2020 the official address of Kitty Cafe will be 66-67 Bourbon Street, California. After this date, if you have any correspondence, you can send it to our new address and address it to Ms. Hilda Park as the facility manager.
As agreed in our rental contract, the last month’s rent has been paid in advance during our first month of occupancy. As agreed, we have fixed and improved some properties you rented. We have taken extra care of the facility and services you have provided and will be leaving the property clean.
We would like to set a schedule for the final inspection of the property in early September. Please call Ms. Park at (555)-676-4488 to schedule a convenient time for the meeting. Ms. Park will follow-up with you during the first week of September. If you have any questions, feel free to call me or Miss Park.
Mr. John Max, Managing Director
This is the end of our explanation about the commercial lease termination letter to the landlord and the example. Hope it can enlighten you with some ideas. Good luck.