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: Wilmington North Carolina: Letter from Landlord to Tenant Regarding Rent Increase and Effective Date Keywords: Wilmington North Carolina, letter, landlord, tenant, rent increase, effective date Introduction: Dear [Tenant's Name], Subject: Intent to Increase Rent and Effective Date I hope this letter finds you well. As your landlord, I would like to inform you of the intent to increase your monthly rent and the effective date of this rental increase. Please read this letter carefully, as it contains all the necessary information regarding the upcoming changes. Regular Rent Increase: Due to various factors affecting the rental market in Wilmington, North Carolina, we have made the decision to increase the monthly rent for your [apartment/house/studio]. This change is necessary to keep up with rising property taxes, maintenance costs, and the overall increase in living expenses in the area. Effective [date], your monthly rent will increase from [current_rent] to [new_rent]. Renewal Rent Increase: In the event that your lease agreement is up for renewal, whether on an annual or monthly basis, we would like to inform you of our intent to increase the rent. We greatly value you as a tenant and strive to provide you with a comfortable living space. The new monthly rent, effective [date], will be [new_rent]. By accepting this increase, you agree to the terms stated herein. Lease Amendment: For tenants who are bound by a lease agreement, this rent increase will serve as an amendment to your existing lease. Please review your lease agreement to understand how this change affects the remaining terms, such as the lease end date and any other relevant provisions. Should you have any questions or concerns regarding these changes, we encourage you to reach out to our management team. Rent Payment Process: To ensure a smooth transition, please update your automatic payment settings or remit the new monthly rent amount directly from [payment method]. It is important to note that failure to pay the increased rent amount promptly may result in late fees and other penalties as outlined in your lease agreement. We highly recommend adjusting your payment arrangements to reflect the new rental amount by [date], ensuring compliance with the lease terms. Conclusion: We understand that rent increases can be challenging for tenants, and we want to assure you that this decision was made after careful consideration of the current rental market in Wilmington, North Carolina. We are committed to maintaining a fair and transparent relationship with our tenants, and we appreciate your understanding during this process. Should you have any questions or require further clarification, please do not hesitate to contact our office. We value your tenancy and look forward to continued positive residency in our property. Sincerely, [Landlord's Name] [Landlord's Contact Information]
Title: Wilmington North Carolina: Letter from Landlord to Tenant Regarding Rent Increase and Effective Date Keywords: Wilmington North Carolina, letter, landlord, tenant, rent increase, effective date Introduction: Dear [Tenant's Name], Subject: Intent to Increase Rent and Effective Date I hope this letter finds you well. As your landlord, I would like to inform you of the intent to increase your monthly rent and the effective date of this rental increase. Please read this letter carefully, as it contains all the necessary information regarding the upcoming changes. Regular Rent Increase: Due to various factors affecting the rental market in Wilmington, North Carolina, we have made the decision to increase the monthly rent for your [apartment/house/studio]. This change is necessary to keep up with rising property taxes, maintenance costs, and the overall increase in living expenses in the area. Effective [date], your monthly rent will increase from [current_rent] to [new_rent]. Renewal Rent Increase: In the event that your lease agreement is up for renewal, whether on an annual or monthly basis, we would like to inform you of our intent to increase the rent. We greatly value you as a tenant and strive to provide you with a comfortable living space. The new monthly rent, effective [date], will be [new_rent]. By accepting this increase, you agree to the terms stated herein. Lease Amendment: For tenants who are bound by a lease agreement, this rent increase will serve as an amendment to your existing lease. Please review your lease agreement to understand how this change affects the remaining terms, such as the lease end date and any other relevant provisions. Should you have any questions or concerns regarding these changes, we encourage you to reach out to our management team. Rent Payment Process: To ensure a smooth transition, please update your automatic payment settings or remit the new monthly rent amount directly from [payment method]. It is important to note that failure to pay the increased rent amount promptly may result in late fees and other penalties as outlined in your lease agreement. We highly recommend adjusting your payment arrangements to reflect the new rental amount by [date], ensuring compliance with the lease terms. Conclusion: We understand that rent increases can be challenging for tenants, and we want to assure you that this decision was made after careful consideration of the current rental market in Wilmington, North Carolina. We are committed to maintaining a fair and transparent relationship with our tenants, and we appreciate your understanding during this process. Should you have any questions or require further clarification, please do not hesitate to contact our office. We value your tenancy and look forward to continued positive residency in our property. Sincerely, [Landlord's Name] [Landlord's Contact Information]
Para su conveniencia, debajo del texto en espaƱol le brindamos la versiĆ³n completa de este formulario en inglĆ©s.
For your convenience, the complete English version of this form is attached below the Spanish version.