Free Real Estate Rental Increase Notice Template
Real Estate Rental Increase Notice
Date: [Month Day, Year]
Dear [Tenant's Name],
We hope this letter finds you well. We are writing to inform you of an upcoming change to your rental agreement for the property located at [Property Address].
After careful consideration and evaluation of current market conditions, we have determined that an adjustment to the rental rate is necessary. Therefore, effective [Month Day, Year], your monthly rent will increase from [$1,200] to [$1,350].
The new monthly rental rate reflects the rising property taxes and increased maintenance costs associated with maintaining the property's amenities and services. We believe this adjustment is fair and reasonable given the current real estate market trends and the quality of the property.
Please note that this rental increase complies with the terms outlined in your lease agreement, which allows for periodic adjustments to the rental rate with proper notice.
Your new rental payment amount of [$1,350] will be due starting from [Month Day, Year]. We kindly ask you to adjust your payment accordingly to avoid any disruption in your tenancy.
If you have any questions or concerns regarding this rental increase or if you would like to discuss the matter further, please do not hesitate to contact us at [Your Company Email] or call [Your Company Number].
We value you as a tenant and appreciate your understanding and cooperation regarding this matter. Thank you for your continued tenancy and cooperation.
Sincerely,
[Your Name]
[Your Position]
