This Notice of Default in Payment of Rent as Warning Prior to Demand to Pay or Terminate for Non-Residential or Commercial Property form is for use by a Landlord to inform Tenant of Tenant's default in the payment of rent as a warning prior to a pay or terminate notice. The form advises the Tenant of the due date of rent and the consequences of late payment. This form may be used where you desire to remind the Tenant of payment terms, the default, demand payment and inform the Tenant that under the laws of this state or lease, the Landlord may terminate if rent is not paid timely.
The Columbus Ohio Notice of Default in Payment of Rent as Warning Prior to Demand to Pay or Terminate for Nonresidential or Commercial Property is a formal document served by landlords to tenants who have failed to make timely rent payments. This notice serves as a warning to tenants that immediate action is required to rectify the default or face termination of their lease agreement. Keywords: Columbus Ohio, Notice of Default, Payment of Rent, Warning, Demand to Pay, Terminate, Nonresidential Property, Commercial Property. There are two types of Columbus Ohio Notices of Default in Payment of Rent that can be issued for nonresidential or commercial properties: 1. Notice of Default in Payment of Rent as Warning Prior to Demand to Pay: This type of notice is typically served by landlords as the initial step to address a tenant's failure to make rent payments on time. It serves as a formal warning that the tenant has defaulted on their rent obligation and must rectify the situation within a specified time frame. 2. Notice of Default in Payment of Rent as Warning Prior to Terminate: If the tenant has previously received a Notice of Default in Payment of Rent as Warning Prior to Demand to Pay and has failed to cure the default within the specified time frame, the landlord may then serve a Notice of Default in Payment of Rent as Warning Prior to Terminate. This notice informs the tenant that the landlord intends to terminate the lease agreement if the default is not resolved promptly. Both notices typically contain the following information: 1. Tenant and Landlord Information: The notice identifies the tenant(s) and the landlord(s) involved in the lease agreement. This includes names, addresses, and contact information. 2. Property Details: The notice specifies the nonresidential or commercial property in question. This includes the address and any additional details necessary for identification. 3. Defaulted Rent Amount: The notice outlines the specific amount of rent that is in arrears, along with the due dates of the missed payments. It may also include any additional charges or fees that have accumulated due to the default. 4. Timeframe for Remediation: The notice provides a specific timeframe within which the tenant must cure the default by paying the outstanding rent owed. This timeframe is typically in accordance with the terms agreed upon in the lease agreement or state laws. 5. Consequences of Failure to Remediate: The notice clearly states that failure to comply with the demand to pay or terminate within the specified timeframe may result in legal action, eviction, or termination of the lease agreement. It may also mention the monetary damages, late fees, or any other repercussions that may be imposed on the tenant. It is important to note that these descriptions are general and may vary depending on the specific requirements set forth by Columbus Ohio laws or the terms outlined in the lease agreement. Therefore, it is recommended to consult with legal professionals or check the Columbus Ohio Residential or Commercial Codes for exact details and requirements when serving a Notice of Default in Payment of Rent for nonresidential or commercial properties.
