A demand letter for rent arrears on a commercial property is a formal written notice from a landlord to a tenant, outlining the overdue rent and demanding its prompt payment.
This document serves as a critical step in the process of rent collection, often preceding legal action. It should clearly state the tenant’s name, the address of the commercial property, the total amount of rent overdue, and the period for which the rent has not been paid. The letter must also include any late fees or penalties as stipulated in the lease agreement.