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A Detailed Review of the Termination of Lease Form South Dakota
Despite a landlord and a tenant having an agreement with a stipulated expiry date, either party can end the lease prematurely. A landlord can cancel the lease to renovate the house or sell it. They should also give the tenant ample time to make the necessary arrangements and move out.
A tenant can also terminate the lease at will, especially if they are looking to relocate. They should also give the landlord a notice period so that the landlord can get their deposit ready and look for a new tenant.
To end a tenancy early, you (the landlord or tenant) must use the termination of lease form South Dakota. Read on to learn more about this essential document.
What is a Lease Agreement Termination Letter?
A lease contract termination letter is a legally binding document used by landlords and tenants to end their tenancies early. Either party can cancel the lease at any time, with or without cause. The law requires that the terminating party must provide sufficient notice period.
Once the notice of lease termination letter is ready, it should be served to the other party, who must respect it. If it is served to the tenant, they must vacate the house by the date specified on the notice. If the letter is sent to the landlord, they need to know that the tenant will be moving out, and they should start looking for a new tenant.
Is a Rental Agreement Cancellation Letter the Same as a Notice to Quit?
A rental contract cancellation letter is different from a notice to quit. The former is a formal document that signals the end of a tenancy. If this letter is served, the recipient should make the necessary arrangements to adhere to it. If not, the other party can take legal action.
A notice to quit is a formal document that serves as a warning to inform a landlord or a tenant of a breach of agreement terms, which should be corrected. Otherwise, the offended party will have to terminate the lease.
Why Should You Use a Lease Agreement Cancellation Letter?
Here are the main reasons that will make you use a termination of lease form when terminating a rental agreement;
What Are the Legal Requirements for a Lease Agreement Cancellation Document?
The state requires that a thirty-day notice be given when terminating rental contracts. In addition, the party ending the lease should ensure the other party gets the notice on time. If a tenant doesn't vacate within the notice period, a landlord can give them an additional three days. If they don't move out, they should get an eviction order to remove them.
Methods of Serving a Lease Termination Letter
Here are the two methods of ensuring the letter gets to the other party on time;
Do you want a rental agreement cancellation letter but don't know how to create it? If so, Forms.legal offers free South Dakota termination of lease form templates you can fill out. Simply choose a template, fill in the correct information, and print it.