Formal notice to tenants about an upcoming increase in rent.
This letter serves as a formal notice to inform tenants about an upcoming rent increase in accordance with the terms of the lease agreement. It outlines the details and provides applicable legal timelines for compliance.
Date: {noticeDate}
To: {tenantName}
Property Address: {propertyAddress}
Dear {tenantName},
We hope this message finds you well. We are writing to formally notify you of an upcoming change to your current rental agreement.
{reasonForIncrease}
Current Rent | New Rent | Effective Date |
---|---|---|
{#rentDetails}{currentRent} | {newRent} | {effectiveDate}{/rentDetails} |
Your current lease agreement, signed on {leaseStartDate}, remains in effect. This notice serves as an amendment to the rental price only.
{^isMonthToMonth}The increase is compliant with the terms outlined in your lease agreement and applicable local laws.{/isMonthToMonth}
{#isMonthToMonth}Because you are under a month-to-month agreement, this notice meets the minimum required timeframe for providing changes to rental fees.{/isMonthToMonth}
Please ensure that the updated rent amount is reflected in your future payments starting from {effectiveDate}. Failure to pay the new amount may result in a breach of agreement.
{#paymentOptions}
{/paymentOptions}
If you have any questions or concerns regarding this rent adjustment, please feel free to contact us:
We appreciate your continued tenancy and cooperation.
Sincerely,
{landlordName}
{companyName}
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