Commercial Lease Termination Letter

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A commercial lease termination letter is a formal request made by either a landlord or tenant to cancel a lease. Commonly, this request is made by a tenant due to an inability to be profitable at the property. Although, a lease termination letter can be used for many reasons by either the landlord or tenant.

Commercial Lease Termination Letter

A commercial lease termination letter is a formal request made by either a landlord or tenant to cancel a lease. Commonly, this request is made by a tenant due to an inability to be profitable at the property. Although, a lease termination letter can be used for many reasons by either the landlord or tenant.

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Last updated November 27th, 2023

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A commercial lease termination letter is a formal request made by either a landlord or tenant to cancel a lease. Commonly, this request is made by a tenant due to an inability to be profitable at the property. Although, a lease termination letter can be used for many reasons by either the landlord or tenant.

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Common Reasons (5)

  1. Lease Expiration (non-renewal) – To inform a landlord or tenant of their intention not to renew a lease.
  2. Mutual Agreement – If both the landlord and tenant agree to terminate.
  3. Breach of Lease Terms – If a party has breached the lease terms, an official letter can be sent to give notice of default.
  4. Early Termination – Commonly by a tenant if they need to terminate the lease due to financial hardship.
  5. Lease Buy-Out – If a property is sold, it is common for the landlord to “buy out” the remaining term of the tenant’s lease.

Commercial Lease Termination (preview)