A Notice of Termination is a document used to terminate a lease or tenancy in accordance with a break clause. The break clause is a provision in the lease or tenancy agreement which enables either the landlord or the tenant (or both) to terminate the lease or tenancy early. The break clause may arise on one or more specified dates or be exercisable during any time during the term on a rolling basis.
This document can be used to terminate or determine the lease. A printed copy of the Notice of Termination should be signed and delivered.
When you are in a lease, you can use a Notice of Termination to give official notice to the other party that you are terminating the lease or tenancy.
You should only use this Notice of Termination if you have checked the lease or tenancy to confirm that you have the right to break. You should also check if you have satisfied any conditions and are within the time limit to service a break notice. This Notice of Termination will ensure you have fulfilled all conditions when a lease or tenancy is terminated under a break clause.
When you are serving a Notice of Termination, you should take note of a few key points:
When drafting a Notice of Termination, it is important to focus on a number of key clauses, in particular: