notice to vacate
Definition
A written notice completed by either the tenant or the landlord to provide notification of planning to vacate the premises or as a demand to vacate. In most cases, a landlord will provide the notice to vacate nearing the end of a lease or due to the tenant breaking the lease due to not obeying its stipulations or for not following through with payment of rent. The tenant is typically given 30 days to vacate the premises. For cases when the notice is given from tenant to landlord, it is to provide indication the tenant plans to leave the premises and the landlord is free to advertise for a new tenant.
Related Articles
- What Benefits Do ETFs Offer to Investors? *
- The Difference between Financial Advisors and Financial Analysts *
- Common Mistakes That People Make While Picking a Financial Advisor *
- Tax Issues Related to Your Business *
- Explanation of the Major Factors Affecting Your Tax Returns *
- Finding a Financial Advisor for Your Business Venture *
- Refinancing Your House and Reverse Mortgages *
- "Sell Butterfly" Option Investment Strategy *
Related Videos
http://www.businessdictionary.com/definition/notice-to-vacate.html
