Last Updated September 30, 2024
Alternate Names:
A Commercial Lease Notice is also known as a:
- Commercial Eviction Notice
- Commercial Lease Termination Letter
- Commercial Lease Termination Notice
- Termination of Business Lease
- Commercial Lease Warning Notice
What are Commercial Lease Notices?
Landlords or property managers occasionally need to present notices to their tenants regarding unpaid or overdue rent, lease violations, rent increases, and more. It is advisable to send a written notice to your tenant in order to properly document the dispute and inform your tenant of the situation and what the next steps will be.
LawDepot's Commercial Lease Notices are customized for commercial rental properties. If you are a landlord or property manager of a residential rental property, use LawDepot's residential Eviction Notice instead.
What is a Commercial Eviction Notice?
A Commercial Eviction Notice, also known as a Notice to Pay Rent or Quit, is a letter demanding payment of rent that a landlord or property manager serves to a tenant. The notice usually includes:
- The date the Commercial Lease started
- The amount of unpaid rent that is owed to the landlord or property manager
- How much time the tenant has to pay the full unpaid rent amount (the notice period)
- A clause stating that if rent continues to go unpaid the tenant must vacate the premises by a certain date
The landlord or property manager may also choose to utilize a proof of service form to ensure that the eviction notice is delivered to the tenant properly and that there is evidence that the tenant received the notice.
What is a Commercial Lease Warning Notice?
A Commercial Lease Warning Notice is sent to a tenant to inform them of a lease violation. The tenant can then choose to take action so they are no longer in violation of their lease terms.
For example, if the Commercial Lease states that the tenant needs to maintain common areas and the tenant fails to do so, the landlord may choose to send a warning notice letting the tenant know. This would allow the tenant to get up-to-date on their maintenance duties so they are no longer in violation of their lease.
Another example of a lease violation could be if the lease mentions rules regarding loud noise during business hours, and the tenant decides to play loud music during those times. This is another instance where the landlord could issue a warning to the tenant, especially if another tenant in the building or complex complains about the noise.
The tenant responsible for the excessive noise could then negotiate a solution with the landlord, whether it be adjusting the tenant's business hours or installing soundproofing materials in the suite.
What is a Commercial Lease Termination Notice?
A Commercial Lease Termination Notice informs the tenant of a commercial property that their lease will not be renewed. There could be a number of reasons why a property manager or landlord would choose to not renew the lease, including:
- The periodic tenancy is ending (a periodic tenancy automatically renews when the lease ends, unless the landlord or tenant choose to end the lease permanently)
- The fixed-term tenancy is ending (a fixed term tenancy is when a lease has a set start and end date, and does not renew when the lease is finished)
- The landlord is selling the commercial property
- The landlord is planning to rent the commercial property to another tenant instead
Can a Commercial Lease be terminated early?
A Commercial Lease can usually be terminated early, but what happens after depends on the clauses listed in the lease itself and the laws of the state or local jurisdiction.
Most commercial leases contain early termination clauses in favor of the landlord or property manager. For instance, if the tenant fails to pay rent for a period of time, the landlord may have the ability to terminate the lease.
In other cases, the landlord and tenant may come to an agreement to end the Commercial Lease early. Again, the Commercial Lease should include terms and conditions under which an early lease termination would be allowed.
