Notice of Intent to Repossess


Overview
- This Notice of Intent to Repossess is used to inform a lessee that they are in default of a Lease Agreement, explaining that if the payments are not made in a timely fashion, the property will be repossessed.  
- A Lessee, from time to time, may fall behind in payments.  Prior to repossessing the property, the Lessor may choose to send a final warning such as this letter.  
- The warning is the final good faith effort on the part of the Lessor to have the Lessee become current on payments.

When You Need It
- To inform a lessee that they are in default on their lease payments.  
- In such a situation, the Lessor has the power to repossess the property in question.  
- The Notice of Intent is the final step taken by the Lessor prior to actually exercising the right to repossess the property.


Getting Started

You will need:
- Name and address of the person to who the notice is being sent.
- Description of the lease, the date the lease was signed, and the portion of the lease which is in default. 
- The item you intend to repossess.
- The deadline by which the individual must respond to avoid the repossession. 

When to Review and Revise 
- To correct the information contained in the notice.
- To draft another notice to intent to repossess.