Real Estate Rent Increase Notice
Real Estate Rent Increase Notice
[Date]
[Tenant's Name]
[Tenant's Address]
[City, State, Zip Code]
Dear [Tenant's Name],
We hope this letter finds you well. We appreciate your tenancy at [Property Address] and the opportunity to serve as your property manager. As part of our commitment to maintaining the quality of our properties and services, we are writing to inform you of an upcoming rent increase.
Current Rental Information
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Current Monthly Rent: $[1,200.00]
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Current Lease Term: Month-to-Month
Reason for the Rent Increase
As a result of a notable increase in the costs associated with maintaining our properties, along with a significant rise in property taxes, and the added strain caused by general inflationary pressures on the economy, we have come to the conclusion that it is unavoidably necessary for us to make an adjustment to the rate at which our properties are rented.
Details of Rent Increase
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New Monthly Rent: $[1,350.00]
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Effective Date of Rent Increase: [Date]
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Frequency of Rent Payments: Monthly
Lease Renewal Options
If you are currently on a month-to-month lease, please note that the terms of your lease remain unchanged, except for the revised rental amount. If you wish to discuss lease renewal options or have any questions regarding your lease terms, please do not hesitate to contact us.
Additional Information
We understand that a rent increase can impact your budget, and we want to ensure a smooth transition. If you have any concerns or would like to discuss payment options, please reach out to us at [Your Company Number] or [Your Company Email].
Your continued tenancy is highly valued, and we are committed to providing you with a comfortable and well-maintained living environment.
We appreciate your cooperation and understanding regarding this matter. If you have any questions or require further clarification, please feel free to contact us. Thank you for your attention to this notice, and we look forward to continuing to serve you.
Sincerely,
[Your Name]
[Your Title]
[Your Company Name]
[Your Company Number]
