As a landlord, you may realize that your rental property deserves to give you more income. In such circumstances, you cannot just tell the tenant verbally that they need to pay an increased amount as rent. It has to be informed in the form of a letter. As a landlord, you have every right to increase the rent.
If you do not have an idea about how to draft a letter stating the increase of rent, then you could use this sample below as guidelines.
The Landlord's Address
The Tenant's Address
Please be informed that in order to remain in harmony with rents in the neighborhood and to keep up with rising costs of maintenance, it has become essential to raise the rent on the property located at <provide the address of the rented property>. Presently, the monthly rent is <$amount>. From <date>, the rent will be <$new amount>.
I sincerely appreciate your continued tenancy, and hope that this property is meeting your requirements. If you have any queries or problems with the property, please do not hesitate to contact me.
Your Name and Signature
More Articles :