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.
1. Detailed Description of Irvine, California Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase: Dear [Tenant's Name], I hope this letter finds you in good health and spirits. It is with sincere appreciation for your tenancy that I communicate this important matter to you today. As the landlord of the property located at [Property Address], I am writing to inform you of my intent to increase the rent and the effective date of this rental increase. Effective from [Effective Date], the monthly rental amount for the aforementioned property will be increased by [Percentage or Dollar Amount] from the current rate of [Current Rent]. This adjustment is in compliance with local regulations and market trends to ensure that the property value is maintained and covers expenses related to property management, maintenance, and other associated costs. It is important to note that we strive to provide the best possible living experience for all tenants within our properties. We take into account various factors when determining rental increases, such as inflation rates, market demand, property maintenance costs, and upgrades made for your convenience and comfort. We understand that any rent increase can cause financial strain, and we want to work with you to ensure a smooth transition. Furthermore, we believe that the new rental rate still reflects the current market value for similar properties within the Irvine area. Should you have any concerns regarding this rental increase or if you believe that there may have been an error in the calculation, please do not hesitate to contact us at [Landlord's Contact Information]. We are open to discussing your situation and finding an amicable resolution that benefits both parties. We kindly request that you acknowledge this rental increase by signing and returning the attached copy of this letter, indicating your understanding and acceptance of the new rental amount. This will serve as written consent acknowledging your agreement to the rental increase, ensuring compliance with regulatory requirements. Please note that failure to sign and return this letter may result in the termination of your tenancy as per the terms outlined in your lease agreement. We value your tenancy, and we hope that we can continue to serve as your landlord in the coming months and years. Thank you for your understanding and cooperation in this matter. We appreciate your prompt attention to this letter and the signed acknowledgment by [Deadline Date]. Yours sincerely, [Landlord's Name] [Landlord's Position] Keywords: Irvine, California, letter, landlord, tenant, intent, increase rent, effective date, rental increase, property, address, compliance, regulations, market trends, property management, maintenance, expenses, living experience, inflation rates, market demand, property value, convenience, comfort, financial strain, transition, market value, concerns, error, calculation, acknowledgment, regulatory requirements, termination, lease agreement, tenancy, cooperation, prompt attention.
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.
