This is a notice provided by the Landlord to Tenant explaining that once the lease term has expired. Tenant has the option of vacating the premises or remaining on the premises provided that they abide by the posted rent increase.
Title: Little Rock, Arkansas — Letter from Landlord to Tenant Regarding Rental Increase and Effective Date Introduction: In the dynamic rental market of Little Rock, Arkansas, it is not uncommon for landlords to adjust rental rates to reflect current market conditions and expenses. This detailed letter serves as formal communication from the landlord to the tenant, outlining their intent to increase the rent and specifying the effective date of the rental increase. Please note that there may be variations in the types of letters depending on the purpose or circumstances involved. Sample Letter: [Landlord's Name] [Landlord's Address] [City, State, ZIP Code] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP Code] Subject: Notice of Rent Increase and Effective Date Dear [Tenant's Name], I hope this correspondence finds you well. We greatly appreciate your tenancy at [Property Address] and wanted to take a moment to communicate an upcoming adjustment in your rent amount. Intent to Increase Rent: In accordance with the stipulations outlined in our lease agreement, we hereby notify you of our intent to increase the monthly rent for the premises. This adjustment is necessary to align with the current market trends, inflation rates, rising maintenance costs, or other legitimate reasons (if applicable). Effective Date: To ensure transparency and allow ample time for adjustments, please be informed that the new rental amount will take effect as of [Effective Date]. This effective date provides you with [notice period duration]-day notice, adhering to the requirements set forth by the lease agreement and relevant local laws and regulations. New Rent Amount: Upon the effective date mentioned above, the revised monthly rental amount will be $[New Rent Amount]. This rent increase allows us to continue providing quality service, maintenance, and improvements to the property, ensuring an enjoyable living experience for all tenants. Rent Payment Method: To facilitate a smooth transition and avoid any disruptions in payment processing, kindly adjust your recurring rent payment to reflect the new amount from the effective date. You may choose to update your auto-payments, issue post-dated checks, or any other convenient method of payment as per our lease agreement. Renewal Option and Terms: Please note that this rent increase does not impact the existing terms and conditions of the lease agreement unless specifically addressed in a separate communication. If you have any inquiries or if you wish to discuss this matter further, please do not hesitate to contact our office at [Landlord's Contact Number] or via email at [Landlord's Email Address]. Conclusion: We sincerely value your occupancy and strive to maintain a positive landlord-tenant relationship. Should you have any concerns or require clarification regarding this rent increase, be assured that we are here to address them promptly. We appreciate your understanding and look forward to your continued tenancy. Best regards, [Landlord's Name and Signature] [Landlord's Contact Information] Additional Types: 1. Little Rock, Arkansas — Notice of Rental Increase Due to Property Improvement: This letter informs tenants about an increase in rent as a result of significant property improvements such as renovations, upgrades, or additions, positively affecting the living conditions and overall value of the rental unit. 2. Little Rock, Arkansas — Notice of Rental Increase Due to Local Market Factors: This letter notifies tenants of a rent increase due to changing market conditions, such as increasing demand, limited supply, or changes in Little Rock's average rental rates. 3. Little Rock, Arkansas — Notice of Rental Increase Due to Maintenance or Repair Costs: This letter informs tenants of a rent increase justified by escalated maintenance or repair expenses associated with the property, including essential upgrades, emergency repairs, or increased utility costs. Note: The above samples are for illustrative purposes only. Landlords and tenants should seek legal advice and refer to the specific lease agreement and local laws applicable in their circumstances.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
