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Commercial Lease Demand Letter
"I need to draft a Commercial Lease Demand Letter for my retail tenant who has missed three consecutive monthly rent payments totaling £15,000, with the last payment due on March 1, 2025, and I want to include statutory interest calculations and a 14-day payment deadline."
1. Recipient Details: Full name and address of tenant/debtor, ensuring all details are accurate and complete
2. Property Reference: Clear identification of the leased premises including full address and any relevant property identifiers
3. Lease Details: Reference to the lease agreement including date, parties, and any relevant lease terms
4. Amount Owed: Detailed breakdown of outstanding rent and other charges, with specific amounts and periods
5. Payment History: Summary of missed payments and due dates, showing pattern of default
6. Demand Statement: Clear and unambiguous statement demanding payment of the outstanding amount
7. Payment Terms: Specific deadline for payment and acceptable payment methods, including bank details if appropriate
1. Interest Calculation: Details of statutory interest being claimed on late payments under the Late Payment of Commercial Debts (Interest) Act 1998
2. Previous Correspondence: References to prior communications regarding the debt, particularly relevant in escalated cases
3. Legal Consequences: Warning of potential legal actions if payment is not received, including CRAR or court proceedings
1. Statement of Account: Detailed breakdown of all charges, payments, and current balance
2. Copy of Lease: Relevant excerpts or full copy of the lease agreement showing payment obligations
3. Payment History Schedule: Comprehensive record of payment history showing all payments made and missed
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