Increase in Rent Notice
Costs go up in every business, and that includes the business of renting property. Few landlords look forward to informing tenants of an upcoming increase in rent but to run a business efficiently a rise in rent is sometimes needed. This ezLandlord Forms “Increase in Rent Notice” assists in making what could be an awkward situation into a straightforward and professional task. Streamline and simplify the process with this polite but direct all-in-one form.
The notice contains a brief statement of why the rent is being increased, how much the new rent amount will be and when this will all take place. The form additionally prompts the tenant of the choice to either accept the rental amount set forth in the notice or vacate at the end of the lease term. This convenient ezLandlord Forms notice also includes two check boxes at the bottom on the page where the tenant will make a choice of confirming the rent increase or denying it. This assures the landlord heads up either way.
When increasing the rent, every landlord wants to make sure that compliance to state laws is very important. Most states have strict regulations about when to notify a tenant of an upcoming rent increase.
Notice periods can change according to how long the lease is, whether it is verbal or written, fixed or periodic.
This document clearly sets forth the increased amount and the effective date to the change, minimizing the risk of confusion or future disputes. It also confirms that other lease terms will convey unchanged, and briefly outlines the procedure for termination of the lease. Another benefit is that the landlord may edit the language in this form to fit the needs of any the situation. Once the landlord is finished creating the form, the form is ready to be sent to the tenant.
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