New York Sample Letter for Termination of Lease - Decision no Longer Rent Property

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0213LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject: Termination of Lease — Decision to No Longer Rent Property Dear [Landlord's Name], I hope this letter finds you well. I am writing to inform you of my decision to terminate the lease agreement for the property located at [Property Address] in [City, State]. After careful consideration, I have reached the conclusion that it is in my best interest to no longer rent this property. Please find the relevant details below: 1. Effective Date of Termination: I kindly request that you acknowledge this termination of lease, which shall be effective as of [Date of Termination]. This will allow me ample time to vacate the premises and hand over the property in a suitable condition. 2. Reason for Termination: In order to provide you with a full understanding of my decision, I want to outline the reasons behind terminating the lease. Please consider the following factors: a) Change in Personal Circumstances: Due to unforeseen circumstances, my personal circumstances have significantly changed. This alteration in circumstances necessitates me reevaluating my housing needs, including searching for new rental opportunities elsewhere. b) Financial Constraints: I am experiencing financial constraints at the moment, making it challenging for me to meet the financial obligations associated with the lease. This situation prompts me to seek alternative housing options that align better with my current financial standing. 3. Lease Agreement Details: To ensure a smooth transition, I would like to refer to the lease agreement and highlight certain clauses pertaining to the termination process. Please review the following sections: a) Termination Clause: Kindly refer to Section [XX] of the lease agreement, which explicitly addresses the termination of the lease and outlines the required notice period and procedures. b) Security Deposit: As per the lease agreement, I expect the refund of my security deposit, which was initially provided in the amount of [Security Deposit Amount]. I kindly request you to perform the necessary inspection of the property to assess any damages and deduct the applicable expenses, if any. The remaining amount should be returned to me within the legally stipulated time frame. 4. Property Handover: I understand my responsibility to return the property to you in a satisfactory condition, with normal wear and tear accepted. I intend to complete a thorough cleaning of the premises and ensure any damages are repaired before the termination date. Please provide me with instructions on the preferred method of property handover and your availability for the inspection. I greatly appreciate your understanding and cooperation in this matter. If you have any specific requirements or need further information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I kindly ask for prompt correspondence to facilitate a smooth transition for both parties involved. Thank you for your attention, and I wish for a swift resolution to this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] --- Alternate titles for the described letter could be: 1. New York Sample Letter for Lease Termination due to Change in Personal Circumstances 2. New York Sample Letter for Lease Termination due to Financial Constraints 3. New York Sample Letter for Terminating Lease Agreement and Seeking Security Deposit Refund.

Subject: Termination of Lease — Decision to No Longer Rent Property Dear [Landlord's Name], I hope this letter finds you well. I am writing to inform you of my decision to terminate the lease agreement for the property located at [Property Address] in [City, State]. After careful consideration, I have reached the conclusion that it is in my best interest to no longer rent this property. Please find the relevant details below: 1. Effective Date of Termination: I kindly request that you acknowledge this termination of lease, which shall be effective as of [Date of Termination]. This will allow me ample time to vacate the premises and hand over the property in a suitable condition. 2. Reason for Termination: In order to provide you with a full understanding of my decision, I want to outline the reasons behind terminating the lease. Please consider the following factors: a) Change in Personal Circumstances: Due to unforeseen circumstances, my personal circumstances have significantly changed. This alteration in circumstances necessitates me reevaluating my housing needs, including searching for new rental opportunities elsewhere. b) Financial Constraints: I am experiencing financial constraints at the moment, making it challenging for me to meet the financial obligations associated with the lease. This situation prompts me to seek alternative housing options that align better with my current financial standing. 3. Lease Agreement Details: To ensure a smooth transition, I would like to refer to the lease agreement and highlight certain clauses pertaining to the termination process. Please review the following sections: a) Termination Clause: Kindly refer to Section [XX] of the lease agreement, which explicitly addresses the termination of the lease and outlines the required notice period and procedures. b) Security Deposit: As per the lease agreement, I expect the refund of my security deposit, which was initially provided in the amount of [Security Deposit Amount]. I kindly request you to perform the necessary inspection of the property to assess any damages and deduct the applicable expenses, if any. The remaining amount should be returned to me within the legally stipulated time frame. 4. Property Handover: I understand my responsibility to return the property to you in a satisfactory condition, with normal wear and tear accepted. I intend to complete a thorough cleaning of the premises and ensure any damages are repaired before the termination date. Please provide me with instructions on the preferred method of property handover and your availability for the inspection. I greatly appreciate your understanding and cooperation in this matter. If you have any specific requirements or need further information, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address]. I kindly ask for prompt correspondence to facilitate a smooth transition for both parties involved. Thank you for your attention, and I wish for a swift resolution to this matter. Sincerely, [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] --- Alternate titles for the described letter could be: 1. New York Sample Letter for Lease Termination due to Change in Personal Circumstances 2. New York Sample Letter for Lease Termination due to Financial Constraints 3. New York Sample Letter for Terminating Lease Agreement and Seeking Security Deposit Refund.