A rent increase letter is a communication from the landlord to the tenant. It may be sent after the lease has expired, or it may be sent as a notice that the landlord intends to raise the rent in the future. In either case, the letter should be written clearly and concisely so that ...
Because a rent increase letter can cause awkwardness or tension in the tenant-manager relationship, it’s usually a good idea to keep each notice short and to the point. Generally speaking, follow the “less is more” rule. Find a template that works for you and repeat it. Be sure your ...
Find any real estate business or legal form you need, and let your word processor help you write it quickly. Download this professional real estateRent Increase Notice Lettertemplate if you find yourself in this situation and save yourself time, efforts and possibly reduce the lawyer-fees! Using...
“If, within 15 days of this letter, we do not receive a written indication from you that you have rescinded your demanded rent increase and credited residents for the illegal amounts collected, we will refer this matter to the City Attorney’s office for further review,” the letter said...
Follow the letter when raising rent: be courteous when telling residents about a rent increase.Young, Jeff
Generally, apartment complexes in the same neighborhoods have similar prices for rent. But, if you begin to notice that neighboring properties pay significantly less in rent compared to you, you could bring this up to your property manager in your rent reduction letter. ...
someplace to live. A wave of foreclosures in your neighborhood translates to a surge of people needing a place to rent, and that increased demand can drive up rents everywhere. If younotice a lot of homeson your block being sold by the bank, brace yourself for that rent increase letter. ...
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Here is what Joe said yesterday: “We’re going to make sure that rents are kept at 5% increase in corporate rents for apartments and the like. Homes are limited to 5%.” Assar Lindbeck, the late left-wing Swedish economist who for many years chaired the committee that awarded the Nobel...
December 2024: New York Real Estate Market Report Retail: A flurry of retail leases along the Broadway corridor in Soho has helped drive down availability. Rents increase 35% year over year to $679 per square foot. Average pricing on the corridor has risen above $600 per square foot to a...