oboloo Glossary

Lease Termination Letters

oboloo Glossary

Lease Termination Letters

Lease Termination Letters are official documents used to give notice that a contract for renting property is ending. They are typically sent from the tenant to the landlord and should be written in a clear and concise manner that adheres to local laws. The letters should include the date of termination, any additional conditions such as payment of remaining rents or deposits, and an inventory of the property being vacated. It is important to include any terms previously agreed upon, such as a clause that allows the tenant to break their lease with proper notice. By sending a Lease Termination Letter, both tenant and landlord can ensure that they have fulfilled their obligations and avoided any potential disputes in the future.