notice of non-renewal
Definition
A notice of non-renewal is a formal written notice that one party sends to another to announce they will not be continuing a contract or lease when it expires. Think of it as the official way of saying 'I'm not going to renew our agreement' before the current term runs out. Most contracts and leases require you to send this notice within a specific window of time before the expiration date.
Example
Your office lease expires on December 31st and requires 90 days notice of non-renewal, so you would need to send written notice to your landlord by October 2nd if you plan to move out. Without that notice, your landlord might assume you want to renew and hold you to another full year.
Watch Out
Missing the deadline to send this notice can automatically lock you into another contract term, so always calendar the notice deadline the moment you sign any agreement.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.