oboloo Glossary

Letter To Terminate Lease By Landlord

oboloo Glossary

Letter To Terminate Lease By Landlord

As a landlord, you have the right to terminate your tenants’ lease if they fail to fulfill their obligations (such as making payments on time). A Letter To Terminate Lease By Landlord is an official document sent by the property’s owner to the tenants informing them that their tenancy is ending. It should include detailed information about why the lease is being terminated and define any financial obligations the tenants may have before vacating the property. This letter serves as a reminder to tenants of their legal responsibility to obey the terms of the lease agreement, and failure to do so can result in further legal action taken against them. Make sure to keep a copy for your records!