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Rent Increase Letter Template

Created by:

[Landlord.FirstName][Landlord.LastName]

[Landlord.Company]

Prepared for:

[Tenant.FirstName][Tenant.LastName]

[Tenant.Company]

(All Occupants and Tenants in possession of the property)

The property being located at

[Property.StreetAddress], [Property.City], [Property.State], [Property.PostalCode], [Property.Country].

Dear, [Tenant.FirstName]

We are writing to inform you that we will increase your rent, effective from (Insert date). The new monthly rent will be ($Amount) from the current amount of ($Amount), which is an increase of ($Amount).

We have made this decision after carefully considering all relevant factors and feel confident that it is a fair reflection of the current market conditions. We are committed to providing our tenants with an excellent living experience, and we believe this rent increase will help us meet that goal.

This notice is independent of any other change in your lease terms and will act as an addendum to the original lease. All other terms and conditions of the original lease agreement remain unchanged and in effect.

We hope you understand why we have chosen to make this decision. If the terms of these changes are unacceptable, you may decide to terminate the rental agreement, and you will then be required to vacate the premises.

If you have any questions or concerns or wish to discuss this rent increase, please feel free to reach out to us at [Landlord.Email] or [Landlord.Phone].

Signature

MM / DD / YYYY

[Landlord.FirstName][Landlord.LastName]

[Landlord.Company]

Proof of Service

I certify that on (Insert the date the rent increase letter will be delivered to the lessee), I served this notice to [Tenant.FirstName][Tenant.LastName] by (Insert how this letter was sent, either through email, personally, or courier.)

Signature

MM / DD / YYYY

[Landlord.FirstName][Landlord.LastName]

[Landlord.Company]

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Useful resources

FAQ

If you’re a landlord, you have the right to increase your tenant’s rent after a certain period has passed. You can also do so if there is an increase in expenses for maintenance or utilities. (Check your state’s laws for specific regulations.) To increase the rent, you’ll need to send your tenant a written notice at least 30 days before the date on which they’ll be charged the new, higher rate.

PandaDoc provides you with a free Rent Increase Letter template that you can use to notify your tenant of a rent increase.

The most a landlord can increase rent depends on state and local laws. Generally, a landlord can increase the rent by the percentage change in the Consumer Price Index (CPI) plus the maximum allowable rent increase according to state and local laws.

Some states, such as California, have rent increase regulations that allow a landlord to increase rent by a maximum of 5% per year. However, there are also states like North Carolina with no rent control, meaning landlords can increase the rent as much as they want.

The rent increase for 2022 is 9.1%. This increase is based on the Consumer Price Index (CPI), which measures the average change in prices of goods and services.

A landlord can raise rent month-to-month depending on state and local laws. The amount of increase has to be legal and fair. In some states, the landlord can only raise your rent once every 12 months, while in other states, they can raise it as many times as they like.

Yes, a landlord can increase rent by $100 or however much they want as long as it complies with state and local rent regulations (if there are any).