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 lease contract. The negotiation is effective only if the tenant has knowledge of the recent market rates, market policies, and lease laws determined by the government.

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 occur in compliance with 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 contains the expiration dates of the lease underway and the new lease extension dates. It also includes 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 helping me through all the months you have been here. It is marvelous that you pay your rent on time without my asking. You might have received my last notice as a reminder about the lease expiring next month.

Please stay here and renew the lease contract for another year. I never tried to bother you, but you must have known 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 dealt with great care since I will retire from my post this year. So, we must increase your rent to 15% on your current rent charges. I hope it won’t be problematic since you are enjoying good fortune. It would be of great amusement if you signed the renewal agreement, as you are exemplary tenants taking the best possible care of our property. I wish you the best for all the times to come.

If you have any concerns, please get in touch with me via phone or email.

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Lease renewal letter with rent increase

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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 cheaply. Considering the current market situation, I am increasing your rent by 6%.

If you are satisfied with the amount, please contact me so we may 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 like every year, this year, too, I will renew your lease agreement with me. But as I recently renovated the house with much-improved infrastructure, I demand an increase in house rent by 5%.

I would be delighted to renew our lease agreement if you agree to the increased rent. But if it does not suit you, we can certainly discuss it. If nothing still works, then I am afraid you will have to move elsewhere.

#4

Like every year, this year, too, I have decided to renew your lease agreement with me, but it will be followed up with an increase in the rent. As per government regulations, landlords are now entitled to rent from tenants with a rise of 5 %, whether for lease renewal or a new tenant. 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.