Rent Increase Letter to Tenant
Rent Increase Letter To Tenant
Date: [03-04-2024]
Landlord: [Sarah]
Tenant: Jennifer
Property: Willow Way, 200 Sq. Ft
Rental Duration: March 15, 2027 to March 16, 2028
Rent Payment
The monthly rent for the property is [Amount in currency]. The tenant agrees to pay the rent on or before the [day of the month rent is due] of each month during the rental period.
If the tenant fails to make the rent payment within [number of days of grace period] days from the due date, a late fee of [fee amount] will be applied.
Security Deposit
Upon signing this agreement, the tenant shall provide a security deposit of [amount in currency] to the landlord. This deposit will be held as security for any unpaid rent or damages caused to the property during the tenancy.
The security deposit will be returned to the tenant within [number of days] days of the end of the rental period, less any deductions for unpaid rent or damages.
Maintenance and Repairs
The tenant agrees to keep the property clean and in good condition throughout the rental period. The tenant shall promptly report any damages or necessary repairs to the landlord.
The landlord is responsible for maintaining the property's major systems and structural integrity.
Termination of Agreement
This rental agreement can be terminated by either party with a written notice of [70] days prior to the desired termination date.
If the tenant wishes to terminate the agreement before the end of the rental period, they shall be responsible for paying rent until a new tenant is found or until the end of the rental period, whichever comes first.
Governing Law
This agreement shall be governed by and interpreted in accordance with the laws of [State/Country]. Any disputes arising from this agreement shall be resolved through arbitration or mediation.
Miscellaneous
This agreement constitutes the entire understanding between the landlord and the tenant regarding the rental of the property, superseding any prior oral or written agreements.
Any modifications to this agreement must be made in writing and signed by both parties.
Signatures
Sarah: ______________________________
Jennifer: ______________________________
