Lease renewal letter with rent increase

Lease Renewal Letter with Rent Increase

Letters Kate

Tenants and landlords need to have good relationships. A good relationship between both can bring harmony and long-term tenancy. This sounds good, as shifting after a short span is tough and wastes time and money.

Tenants and landlords have customized rules and policies, and landlords have higher authority. The tenant signs a contract to enter into the tenancy. They need to read all the terms and conditions before signing the contract. The tenant can negotiate the terms of the lease contract. The negotiation is effective only if the tenant is familiar with recent market rates, prevailing market policies, and government-determined lease laws.

Lease letters have a specific period. When they are about to expire, either the tenant or landlord writes a letter for renewal. Sometimes, the renewal contains new advocates. These advocates can be any new term or condition added or a rent increase.

Rent increases are made in compliance with applicable rental laws and permitted rates. They are usually done annually. The landlord should know how to write an effective letter communicating the reasons for the rental increase.

A lease renewal letter with a rent increase typically includes the expiration dates of the current lease and the new lease extension dates. It also consists of the rent increase advocate and the reasons for the rent increase. The tenant is given the time to respond and notify accordingly.

Letters…

#1

First, I would like to thank you for your help throughout the months you have been here. It is marvelous that you pay your rent on time without my asking. You may have received my last notice as a reminder that the lease is expiring next month.

Please stay here and renew the lease contract for another year. I never tried to bother you, but you must have been aware of the rents being charged in your surroundings, with the same facilities you enjoy. You can ask anyone in your neighborhood if you give about 20% less than others near you.

Our expenses will be handled with great care, as I will be retiring from my post this year. Therefore, we must increase your rent by 15% of your current rent charges. I hope it won’t be a problem since you’re enjoying good fortune. It would be a great pleasure if you could sign the renewal agreement, as you are exemplary tenants who take the best possible care of our property. I wish you the best for all the times to come.

If you have any concerns, please don’t hesitate to contact me by phone or email.

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Lease renewal letter with rent increase

Format: MS Word [.docx]

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#2

You have been in my tenancy for the past three years. I have never burdened you with a considerable amount of rent. You are aware of the current market situation, which is making things available at a lower cost. Considering the current market situation, I am increasing your rent by 6%.

If you are satisfied with the amount, please get in touch with me so we can renew the lease agreement. If not, I am afraid we will have to end the deal.

Waiting for your reply.

#3

You have had my house for the past seven years, and, as every year, I will renew your lease agreement with me this year as well. However, as I have recently renovated the house with significantly improved infrastructure, I request a 5% increase in house rent.

I would be delighted to renew our lease agreement if you agree to the proposed increase in rent. However, if it doesn’t suit you, we can certainly discuss it. If nothing still works, then I am afraid you will have to move elsewhere.

#4

As every year, I have decided to renew your lease agreement with me, but it will be accompanied by an increase in the rent. As per government regulations, landlords are now entitled to a rent increase of 5% for both lease renewals and new tenants. This means the said percentage will increase your rent from now on.

If you agree, we will continue renewing your agreement or vice versa. I hope to hear from you.