New to Wisconsin 5 day?

Question

Hey I'm not a new investor but new to WI. I have a commercial tenant that hasn't paid Aug rent. They have a 1 yr lease. Do I do the 5- day notice first? Is it the same form as a residential?

Does anyone have a copy or a link to the form?

It's only $500. She said she was "too busy"

Marcus Auerbach · Answer

Residential landlord tenant law does not apply for commercial leases! On a commercial lease you can basically just change th locks. However, my recommendation is to work with the tenant, maybe set up automtic payment.

Corina Eufinger · Answer

Commercial is a beast of its own. Really your own lease terms with them govern the actions more than any state statutes.

Jamie Labrec · Answer

@Joseph Hammel  For a year lease you would first issue a written notice "5 days to cure."  The written notice from the landlord gives the tenant five days to remedy or move out within five days.  If tenant remedies, the tenancy continues.  If they do not then the landlord may start eviction proceedings.

There is also a 14-day notice.  This written notice specifies that the tenancy has ended because the tenant is in default under the rental agreement.  This notice does not offer the option of paying the rent or correcting the breach.  This option cannot be issued until a 5-day notice has been issued during the lease period.

Wisconsin State Statute 704.17 is one you will want to review, along with your rental agreement, prior to issuing any type of paperwork to the tenant.  During this COVID pandemic we currently cannot charge late fees in Wisconsin.

New to Wisconsin 5 day?

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