Formal notice from a landlord to a commercial tenant requesting a new lease.
This document is an important legal requirement for landlords as it helps maintain transparency and ensures that tenants are aware of any changes to their rental agreement. The Section 26 Notice gives tenants an opportunity to review and assess the proposed rent increase and have a chance to negotiate or make arrangements accordingly.
Landlords use the Section 26 Notice to provide tenants with adequate time to consider the proposed rent increase and make any necessary arrangements to accommodate the change. This document plays a crucial role in the landlord-tenant relationship and helps maintain clear communication and understanding between both parties.
The Section 26 Notice should be used by a landlord who wishes to notify the tenant of their intention to terminate the tenancy on the expiry date. It is a legal document that must be served to the tenant at least two months before the expiry date of the tenancy.
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