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Termination of Lease Form Colorado: The Information You Must Note!
Ending a tenancy may seem complicated, especially if you have never done it before. But the process is not as challenging as you may think. You only need to complete a Colorado termination of lease form or letter informing the landlord or the tenant that you want to end the contract.
Read on to learn the details of a lease termination letter and how to create it.
Termination of Lease Letter: Meaning and Benefits
The termination of lease form in Colorado is a written or printed document by a landlord or tenant indicating the cancellation of the rental agreement. One of the parties can create the document or both if they agree to end the lease contract mutually. You may not indicate the reason for cancellation as long as you give the other party sufficient notice period.
The main benefit of a lease termination contract notice is to help avoid or resolve problems that may arise in the future. It can also help the tenant and the landlord end their relationship professionally while avoiding unnecessary tussles.
Notice to Quit and Lease Termination Notice: What's the Difference?
Notice to quit is given to inform or remind the offending party of a breach of contract that must addressed promptly, or else the contract could be terminated. For instance, a landlord can give a notice to quit to a renter, informing them to pay rent within a specified period or quit.
A rental agreement termination notice is given if the renter fails to honor the demand. It is the final document informing the offending party of the cancellation of the lease agreement.
Why Should You Create a Rental Agreement Cancellation Letter?
A landlord can complete a termination of lease form if the renter cannot pay rent, even after sending them a notice to quit. In addition, they can end the tenancy early if they want to remodel, sell, or use the house for other purposes.
On the other hand, a tenant can cancel a lease agreement contract due to a job transfer. They can also inform the landlord of the cancellation if they are not ready to comply with the new lease terms. A tenant can also end the relationship if they want to upsize or downsize.
The Legal Requirements of Termination of Lease Notice in Colorado
The termination of the lease notice will be legally binding if it provides an acceptable notice period. A 91-day notice is given for a tenancy of one year or longer. A 28-day notice is provided for a tenancy of six months to less than a year. In addition, a 21-day notice is provided for a tenancy of one month to less than six months.
The law requires that a Colorado termination of lease form have the full names of both parties. It should also include the contact and addresses of the parties involved, the address of the property, the signature of the terminating party, and the termination date. A signed rental contract cancellation letter must be served to the non-terminating party.
The Eviction Process: What Happens After Lease Termination?
If a tenant doesn't vacate the premises by the effective cancellation date, they should be evicted. The landlord should get an eviction order, which the law enforcement officers implement. They will physically remove the renter and their belongings from the property.
How to Create a Lease Termination Letter?
You can write or hire someone to write the letter for you. However, the process can be complicated, and you may not get a legally binding notice on time. Instead, you should complete a well-crafted tenant lease termination letter template online, download it, and print it.
If you want to create a letter to end your tenancy quickly, Forms.legal can help. With our free Colorado termination of lease form templates, you can easily cancel the rental agreement. All you have to do is fill out the form, download it, print it, and sign it before serving the other party. It’s fast and convenient.