Legal traps when terminating land lease agreements: what you should know.
Lawyers warn that the termination of a land lease agreement can have legal consequences for those who do not consult lawyers in a timely manner. They recommend taking the right steps upon termination of the contract, particularly contacting a lawyer to draft a letter of notification about the unwillingness to extend the lease. There are specific deadlines for sending this letter to avoid automatic renewal of the contract. It is also important to correctly format the letter, without errors, with the correct wording and mandatory requisites. Additionally, having proof of delivery of the letter, which can be important evidence in a court dispute, is essential. To avoid problems, it is advisable to consult a lawyer in advance and have a reliable legal document.
Proactively taking the right steps is always better than addressing the consequences of mistakes later.
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