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Creating a Vermont Termination of Lease Form Easily and Quickly!
Landlords and tenants can terminate their tenancies before the expected termination date. Either party can provide a specific reason for termination, but it is not a requirement as long as they give the other party the mandated notice period.
To end the lease, you (the landlord or the tenant) should create a termination of lease form. Read on to learn how to handle the process and the legal requirements you must adhere to.
What is a Rental Contract Cancellation Form?
A lease cancellation letter or form is a legally binding document that landlords and tenants use to cancel their lease agreements. The document should clearly state the intention to terminate the lease and, if necessary, provide reasons for termination. It should also have the exact date when the agreement ends.
What is the Difference Between a Lease Cancellation Letter and a Notice to Quit?
A lease termination contract letter is a document served when ending a rental agreement before the expiry date. Nothing can be done to renew the lease.
On the other hand, a notice to quit is a legal document that informs a tenant or a landlord of an issue or breach of agreement terms, which should be addressed to keep the landlord-tenant relationship going. If the problems are not addressed within the specified timeline, the offended party will end the lease.
Situations Requiring You to Use a Lease Contract Termination Letter
Here are different situations that will require you to use a termination of lease form;
Rental Agreement Cancellation Letter Legal Requirements in Vermont
The state has strict laws for landlord-tenant contracts. The regulations require a sufficient notice period when terminating a lease agreement. For example, one should give a 90-day notice when terminating a month-to-month tenancy for a tenant who has lived on the premises for over 2 years.
A 60-day notice should be given when terminating a rental agreement for a tenant who has lived on the property for less than two years. A 30-day notice is provided when ending a month-to-month tenancy for a renter who has lived on the property for less than a year.
A legally binding termination of lease letter should have the names of both parties, the statement showing the intent to cancel the lease, the address of the property, and the signature of the terminating party.
The Eviction Process
If a renter doesn't leave the premises by the termination date, the landlord should file a lawsuit for an eviction order. With the order, the law enforcement officers will kick the tenant out of the premises.
Creating a Lease Contract Termination Letter Quickly
While you can draft the lease termination letter from scratch, an easier way involves using the online free Vermont termination of lease form. All you have to do is choose an applicable template, fill it out online, download the PDF form, and print it. Ensure it is signed before sending it to the other party. You can deliver it in person or send it via mail.
Form.legal is your go-to source of up-to-date termination of lease form templates.