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 ...
As a landlord or property manager, you may increase rents on rental properties periodically. A Rent Increase Notice can be used as a written notification to your tenants. It can include details such as the rate of increase and when the increase takes effect. When to use a Rent Increase Lett...
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This can indicate a lack of profitability which results in sale of the property. Other Rental Templates & Forms Lease Extension Addendum Rent Increase Notice Letter Landlord Reference Letter Vacation Rental Cleaning Checklist Notice to Tenant of New Management Lease Ledger ...
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A rent increase notice is needed to notify the tenant about the future rent increase. The landlord must send this notice to provide the tenant with the time to decide—agree to the new terms or find another place to live. A landlord’s consent is used by the tenant who wants to ...
Rent Increase Clause If the landlord has the right to increase rent, detail the process, notice period, and any limitations on the frequency or amount of such increases. Security Deposit Clearly state the amount of the security deposit, its purpose, and the conditions under which it may be wi...
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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. ...