A free lease termination letter template will let you draft an effective rental agreement if you follow these simple steps.
Step 1 – What is the base for this letter?
First, the lease termination letter should refer to the original lease that gives the basis for the lease termination letter. The date of signing the original contract has to go here. Then, full names of the parties should follow. Another piece of information that is required here is the address of the rental property.
Step 2 – Who will get the letter?
The lease termination letter should be explicit when it comes to the person or entity it is addressed to. It might be either from landlord to tenant or from tenant to landlord. The name and address of the recipient have to go here.
Step 3 – What is the reason for the lease termination?
A person getting the lease termination letter has the right to know why the lease agreement has come to an end.
Another important aspect is how many days (or even hours) the recipient has before the lease terminates. If it is the tenant who is being evicted from the rental unit, they need to know by what date they should free the premises. However, landlords need to make sure that they comply with their state’s laws. The majority of states will require them to send at least a 30-day advance lease termination letter to their tenants. However, there are urgent situations that let the party terminate the lease in shorter terms (for instance, irreparable damage to the property).
Step 4 – What is expected of the recipient by the time of the lease termination?
The final obligations of the recipient is another information that has to be included. For instance, if it is the tenant who terminates the lease, they might specify that they expect the landlord to return them their security deposit. If the security deposit cannot be returned straight away, the new address of the tenant has to be specified in the lease termination letter.
If the landlord stops the lease, they should tell the tenant how they expect them to leave the keys to all the doors to the rental property.
If the landlord evicts the tenant, they need to also mention when they intend to do a walk-through of the premises and an inspection.
Step 5 – How will the notice be delivered?
The written notice can be delivered in different ways – personally, by a third party, by posting at the premises, or by mail. E-mailing the lease termination letter is considered one of the best options as it decreases the unpleasant feelings associated with giving the lease termination letter in person.
Step 6 – Signature
At the end of the lease termination letter, the party sending the lease termination letter has to sign it and put the date.
There you have it! This is how you fill out a lease termination letter. Be sure to include all the necessary information, so there are no misunderstandings later on.