Demand Payment of Commercial Rent
Specialized for rental properties used for commercial purposes, this form urges payment from the tenant and prepares landlords for their next legal steps.
Whose it for?
- Commercial Landlords
- Property Managers
When is a Demand for Payment of Commercial Rent used?
Issuing a formal demand for payment as soon as possible after the rent is unpaid helps landlords stay on top of the tenant’s mind and gets them ready for prompt legal action if it becomes necessary.
Why is a Demand for Payment of Commercial Rent used?
Most commercial lease agreements and some jurisdictions require the landlord to issue written demand before further steps such as seizure of goods or termination of lease can be utilized.
What if the tenant still doesn't pay?
Depending on the terms of the commercial lease and the province where the rental unit is located landlords will have certain options available such as terminating the lease or having a bailiff seize the tenant’s assets.
What does it look like?
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