Lease Renewal Letter With Rent Increase. Otherwise, it can be hand delivered. I am writing regarding the renewal of my lease at [your address].
A rent increase letter performs two major functions in that it clearly communicates the increase in rent to the tenant and officially documents the increase. A notice of 30, 60 or 180 days is mandatory to increase rent depending on the state rules. There is effectively no limit on rental increases, as this authority is preempted by the state under a.r.s.
Before a landlord increases rent, they must first issue a notice to the tenant of the impending increase.
A landholder will solely increase rent if the initial lease or rental agreement permits it, and also, the landholder offers the correct quantity of your time. Be respectful in approaching your lease renewal and negotiating against an increase or for a reduction. Tenant attorney (and brick underground sponsor) sam himmelstein, a partner at himmelstein, mcconnell, gribben, donaghue & joseph , advises tenants to say, “i’d like to renew at the same rent or lower given the current economic conditions. If you don’t hear back by the deadline, you should follow up with your tenants.