Cure or quit
In landlord–tenant law, a notice to cure or quit is issued by a landlord when a tenant performs actions in violation of a lease. The notice gives a tenant the option of either fixing the offending problem or vacating the rental property. If the tenant continues performing the action(s) and does not move out, they can be evicted.[1]
The term is sometimes also used in the debt-collection business to indicate to an account in arrears that action may be taken against the account holder if the debt is not rectified. The account holder may be sent a "Notice to cure or quit" to let them know the status of the account.
Depending on the jurisdiction, such a notice may be legally required before further action may take place, such as (in the case of landlord vs. tenant) being able to file an eviction suit.
References
- "cure or quit". LII / Legal Information Institute.