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If you are a landlord and have decided to raise the monthly rental amount on your units, you will need to send each tenant a Rent Increase Letter. You will need to make sure you follow all state and local laws about when you are eligible to raise the rent to avoid potential legal disagreements. A Rent Increase Letter Sample can be found through the link below.
To write a Rent Increase Letter, include the following information:
- Your name and contact information.
- Today's Date.
- The tenant's name and address of the rental unit.
- Memo line stating rent increase and date it begins.
- Opening salutation.
- Explain that this letter serves as notice that the tenant's rent will be increasing as of [date rent increase goes into effect].
- This rent increase cannot occur if the lease term is still current;
- A tenant must be notified 30 to 60 days in advance of the increase.
- The rental increase must be a reasonable amount compared to the current market value.
- Be sure to mention that if the tenant rejects the rent increase they will need to vacate the property before the increase goes into effect or face eviction.
- Closing salutations and your signature.
Haven't found the template you're looking for? Take a look at the related templates and samples below: