Legal communication is essential to individuals and companies to ensure truthful, accurate information exchange and enable morally correct decision making. This is important to give consideration to how to communicate and how to remain lawful in your day-to-day business activities. Therefore, communication in situations that involve legal complications, request extra attention. Using our easy-to-modify Lease Termination Agreement helps to make a perfect document for any kind of personalized legal matter.
Being a landlord or real estate owner means that you might be dealing with an unpleasant situation you need to formally apply for rescission of a lease agreement. In this case, you can send this formal Notice of Rescission of Lease to inform your tenant about his/her rescission of the lease.
Please note a rescission can be distinctive from a termination since a rescission can be conducted cause of misrepresentation or other circumstances in which rescission may be available to a tenant. Whether restitution is available as a remedy for a misrepresentation or misleading and deceptive conduct will depend on all circumstances. Misrepresentation and misleading and deceptive behavior are complex doctrines of law, on which new legislation is applicable. This makes it more complicated when a serious misrepresentation or
misleading or deceptive conduct has happened to a tenant, which might be the cause to terminate a contract. In any case, we advise looking for professional legal advice to support your case.
This template is still relevant and can be helpful in the next step: to set up the communication between landlord and tenant. Cause, if a party is looking into a possibility to break their lease due to a misrepresentation, the first step that cannot cause any harm, is by sending this formal Notice of Rescission of Lease to the landlord or tenant, which enable the party to terminate the contract immediately.
When can you rescind a tenancy agreement?
In general, when one of the involved parties feels the need to rescind a lease agreement, for example when there has been a fraudulent misrepresentation, or a possibly a reckless/negligent misrepresentation. In the case of rescinding an agreement because of a misrepresentation, the burden of proof will be with the tenant to show that there has been a clear and unequivocal communication of their decision to rescind and to evidence that a misrepresentation sufficient to merit the rescission has occurred.
Legal professionals are in need of templates more than any other industry. Our trustworthy legal templates are all drafted and screened by legal professionals that have experience in special law-related fields and are actively involved in legal issues around the topic. This Lease Termination Agreement template covers the most important subjects and will help you to structure and communicate in a professional and legal way with those involved.