A rent increase letter is a written document that notifies a tenant of an increase in their monthly rent. This notice must be given a certain number of days before the first appropriate payment period, according to state law.
Learn how to draft a letter to a tenant asking for a rent increase in a professional manner. Use our sample letter as a model for your own letter.
sample 1 - Rent Increase Letter
August 3, 2022
Jeff and Stacy Grossman
1700 Lancaster Avenue, Apartment B-1
Grove City, Ohio 43123
RE: Notice of rent increase
After reviewing our rental records, it came to our attention that your lease is going to expire on September 31, 2022.
This is on our rental property located at 1700 Lancaster Ave. Presently, the rental amount for your apartment is $1,400.
Effective October 1, 2021, we find it necessary to increase the rent to $1,425 per month.
We have decided to do some upgrades to the property and this extra money will help finance those payments.
It has come to our attention that there is a great deal of traffic in and out of the home at all hours.
While you have always been great tenants and paid the rent on time, I would caution you against unlawful activities on my properties.
We have a zero tolerance for partying, drugs and any other nuisance in our rentals.
Because we have higher end rentals, we expect our tenants to be upstanding citizens and not to disturb other neighbors.
As you know, your lease states that you must notify us in writing if you intend to vacate the premises.
We need to know within 30 days, or by August 31, 2022. We need to hear from you by December 31st or we will impose the month to month rental rate, as per your lease agreement.
Honey Tree Apartments
sample 2 - Rent Increase Letter
April 29, 2022
Stephen and Jennifer Smith
12265 Breezy Hill Lane
Columbus, Ohio 43123
Dear Stephen and Jennifer;
I want to take a moment and let you know how much I value both of you as tenants.
It is not easy to find tenants that pay their rent on time and also take care of the property so well.
Unfortunately, I have experienced some expenses with my rental properties that are prompting the need for a rental increase.
Your lease will officially be over on June 1st, 2022. I would like for you to continue as my tenants, but an increase of $75 will be applied to the new lease term.
The rent is currently $950 and under the terms of the new lease agreement, will need increase to $1,025. Should you wish to go month to month or to sign a new agreement, this new amount would be required.
Again, I thank you for taking care of my property and being the model tenants that you are.
I hope that you will continue to remain a tenant at Breeze Hill Land. If you have any questions, please feel free to call me at 555-209-5934.
Owner of Tri Start Properties