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Key Information You Must Know About the Termination of Lease Form Ohio
A termination of lease form is an essential document used by tenants and landlords to cancel rental agreements formally. Either party can use the form to inform the other of their intention to end the tenancy.
They can give reasons for termination, but it is not a legal requirement as long as the non-terminating party is given proper notice.
You can create the formal document by completing an Ohio termination of lease form or writing it from scratch. Once done, you should serve it to the other party. Read on to learn more about this notice or letter.
Lease Agreement Termination Letter Vs Notice to Quit: Are They Similar?
These two documents are different. A notice to quit is a formal document to notify either a landlord or a tenant of a violation of contract terms. It informs the offending party that the other party will terminate the agreement if the issues are not addressed.
For example, a tenant can use a notice to quit to inform the landlord to fix a plumbing issue within 30 days. If the problem is not fixed, the tenant can terminate the rental agreement.
A lease termination letter is used to end a tenancy. It doesn't give conditions of what should be done to keep the lease agreement active. It cancels the rental agreement but gives the non-terminating party sufficient time to make alternate arrangements.
When Will You Need a Rental Agreement Cancellation Letter?
Different situations may force (either a landlord or a tenant) to craft an Ohio termination of lease form. A landlord will need this document when they want to evict a tenant so they can sell or renovate the rental property. They can also use the letter to notify the tenants to vacate when they want to increase rent or bring new tenants on new rental terms.
A tenant can use a termination of lease form to end a tenancy agreement so they can relocate due to a job transfer. They can also give a notice to vacate when they want to upsize, downsize, or move to a better neighborhood.
Lease Contract Termination Notice Requirements
The Ohio state requires the terminating party to provide a 30-day notice when terminating a month-to-month lease contract. In addition, either party should give a 7-day notice when terminating a week-to-week tenancy.
Besides giving proper notice, the state requires that the lease cancellation letter be served to the other party in a timely fashion. You should deliver it personally or use a verified mail service.
Lease Agreement Termination Letter Details
Here are the main details that must feature in the lease cancellation letter;
What Happens After Serving the Notice?
Depending on the lease agreement, the tenant has seven or thirty days to vacate. If they don't move out within the stipulated timeframe, the landlord should get an eviction order. The order allows the sheriff to physically throw the renter and their possessions out of the premises.
Methods of Drafting a Lease Agreement Cancellation Letter
Here are two methods you can use to craft a rental contract cancellation notice;
Do you want to draft a lease termination letter but don't know how? If so, Forms.legal offers Ohio termination of lease form templates to help streamline the process for you. Simply choose a template, complete it online, and print it. This process is time-saving and less stressful.