If you terminate the lease for cause, make sure you do your part by keeping the unit habitable. If you don't, you can expect the tenant to claim he doesn't owe any additional rent because you violated thewarranty of habitability. Likewise, if you sue for eviction, the tenant can counte...
Request your tenant’s new mailing address for returning thesecurity deposit(if there are nodamages or rent left unpaid). Be aware that there may belaws/regulations regarding the security deposit. Finally, thank your tenant for renting from you, followed by your signature and printed full name....
Seven things businesses need to know Absent specific provisions to the contrary (which would be unusual in the context of a typical commercial lease transaction), a security deposit, whether in the form of cash or the proceeds of a letter of credit, is not liquidated damages for a tenant's...
A lease termination letter is a written notice provided by a tenant to a landlord indicating the tenant’s intent to vacate the rental property and end the lease agreement. The letter typically includes the date the tenant plans to move out, the reason for vacating, and any other relevant in...
A demand letter for rent is sometimes called aneviction notice, especially when previous such letters have been sent to the tenant with no results. The landlord, who is the sender, provides the tenant or recipient with a specified number of days to pay the due rent. If they don’t, they...
If a tenant damages property or owes rent, a landlord can use the security deposit to cover those expenses. After the tenant's departure, the landlord must send a letter explaining what deductions were taken together with the balance of the deposit. This package contains everything you'll ...
Within 45 days after the end of the tenancy, the landlord shall return the security deposit to the tenant together with simple interest which has accrued at the daily U.S. Treasury yield curve rate for 1 year, as of the first business day of each year, or 1.5 , whichever is greater, ...
• Damages caused by illegal activities including marijuana growing, and • If a tenant fails to pay rent. (There is loss of income insurance but it generally only applies to catastrophic loss from property damage.) When you combine this with sweeping rules favouring the tenant in the Reside...