Document background
The Letter to Discontinue Lease is a crucial document in New Zealand's property leasing framework, used when either a landlord or tenant wishes to formally terminate a lease agreement. This document must adhere to the requirements set forth in New Zealand's Residential Tenancies Act 1986 for residential properties or the Property Law Act 2007 for commercial properties. The letter serves as official documentation of the intent to end the lease, providing necessary details such as the termination date, property identification, and compliance with statutory notice periods. It's essential for protecting both parties' interests and ensuring a proper record of the lease termination process. The document can be used for both fixed-term and periodic tenancies, though the requirements and notice periods may vary depending on the circumstances and type of lease.
