What is a demand notice?

A demand letter is a formal document sent to request action or payment from another party. In the context of your rental, a demand letter might be used by Nomad or you to formally request overdue rent from a tenant or to ask for compliance with other terms of the lease agreement. The letter typically outlines the issue, specifies what is being demanded (such as a specific amount of money), the deadline for compliance, and the actions that will be taken if the demand is not met, such as legal proceedings.