When You Need A 30-Day Notice



Posted: Thursday, December 06, 2007

by
http://www.legalhomeforms.com

A 30-day notice normally applies when a real estate rental or lease agreement is involved. It is an important document that should be in writing in order to be enforceable. A landlord or tenant may have to execute this document when a crucial decision has to be made that will affect the monthly rental agreement entered into by both parties.

On the side of the landlord, he or she may give a 30-day notice to a tenant in an effort to end the rental agreement and wants you to move out. This may be needed if the property is sold involuntarily such as during a foreclosure sale or the tenant has resided in the property for less than one year. In this situation, the landlord is not required to give a reason for terminating the rental agreement.

When the rental unit involved is being sold to another person who plans on occupying the property for at least one year, the landlord still has an obligation to meet several requirements. These include opening an escrow with a licensed agent or real estate broker, giving the 30-day notice to the tenant not later than four months after opening the escrow and making sure that the rental unit is one that can be sold separately from the other units.

Another case when he needs to provide the notice is when he wants to increase the rental fee on his real estate property. As required by law, a tenant must provide a 30-day notice before your monthly due date comes to inform you of a raise in the rent which is considered a change in rental rules.

On the side of the tenant who wants to move out of the rental property, he or she must also give a proper written notice to the landlord at least 30 days before the scheduled move. This 30-day notice applies to tenants who rent on a monthly basis. This should also be observed in the event the landlord has given a 60-day notice to terminate the rental agreement and you want to move out of the proper sooner than that.

A 30-day notice should have the necessary details like the date it was written, the date you intend to move out as well as your reason for moving. Make an extra copy of the notice for your own file and have it signed by the landlord as well. Review the original copy of your lease agreement and from there, you can already draft your own notice using some of the language in that particular document.

Be sure to submit the notice to the landlord or property manager in person. If not, you can also opt to mail it through the post office and request for a return receipt if possible. Another option is to mail the notice to the owner of the rental property at the name and address stipulated in the lease agreement.

As a tenant, you can give the notice to the landlord any time during the rental period. However, you should still pay the full rent during the period covered by the notice whether you stay for the whole month or decide to move out of the unit earlier.

This article is brought to you by LegalHomeForms.com Download over 60 of the most used real estate forms and contracts. Find forms like the 30 day notice, or the residential lease agreement.
This Article has been viewed 539 times. (Not updated in real-time.)
No comments yet.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.