Sample Rent Increase Letter to Tenants
April 29, 2019
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, 2019. 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 000-209-5934.
Owner of Tri Start Properties