Clean label in the Notice of Rent Increase effortlessly

Aug 6th, 2022
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How to Clean label in the Notice of Rent Increase

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this is tom sohn and today were going to talk about the exciting topic of increasing your rent for an existing tenancy because believe it or not theres a right way to do it and theres a wrong way to do it and theres the right time to do it in the wrong time to do it and theres the right process that youve got to follow and the right documents that youve got to use and i want to make sure that you get it right every single time because i see so many landlords get it wrong and letting agents as well so if youve got a managing agent then you should know this so that you know what process they have to follow and if theyre not following it then youve got to kick their ass anyway look you doesnt matter if youre a landlord thats got an existing tenancy and you havent increased the rent for three or four years um somewhere in your mind you know you should right you know you should increase the rent but you perhaps dont want to piss anyone off you dont want to cause the tenant t

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Dear (Name), This letter is in reference to the unit at (Address/Location) to inform you that I have noticed the condition of our property. Per your lease agreement signed on (Date), you must keep the property clean and well maintained. However, (describe issue in detail).
Under AB 1482, landlords are limited to increasing rent by no more than 5% plus the local inflation rate. The local inflation rate is determined by the California Consumer Price Index (CCPI), which is released annually by the California Department of Finance.
Your current lease officially ends on [date]. After that, the rent for [address and unit] will increase by [amount] to [new total monthly rent]. If you wish to continue in residence as tenants, I will need you to sign a new lease in which you agree to the new amount.
Overall increase may not exceed 10% in any 12-month period. Rent increases are limited to 60% of the percentage increase in the regional consumer price index (CPI) annually.
For rent-controlled units, the annual allowable increase amount effective March 1, 2023 through February 29, 2024 is 3.6%.
Dear {Tenants Name}, Thank you for entrusting us with your valuable tenancy. This Notice is to advise you that the [$ monthly rent amount] monthly rent for the unit you now inhabit, [Unit Number] at [Property Address], will rise to [$ New Monthly Rent] per month commencing on [Date of Rent Increase].
Write A Friendly Rent Increase Letter Dont Write a Dear Tenant Letter. Explain Why Rent is Increasing. An Agreement, Rather than a Demand. A Word of Thanks. Ask Them to Contact You. Include the Important Information. Hand Deliver if Possible. All the Best.
When writing a rent increase letter, be sure to include: Tenants name. Property address. Landlords name and contact info. Date the letter was written. Date the rent increase will take effect. Rent increase amount. Current rental amount. Date the new rent will be due.
The government has confirmed that there will be a cap on rent increases for social housing tenants across the country. This means that rents will increase by up to 7% from 1 April 2023.
How Do I Tell My Tenant I Need to Raise the Rent? Remember youre a business. Do your research. Raise the rent all at once or incrementally. Dont negotiate or ask tenants what they think a fair rent increase would be. Be courteous and firm. Find a template you like. Send a formal letter by certified mail.

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