— Sample Letter from Landlord to Tenant about Intent to Increase Rent in Albuquerque, New Mexico — Albuquerque, NM Rental Increase Notice for Tenants — Effective Date of Rental Increase Notice for Albuquerque, New Mexico Tenants — Albuquerque Landlord's Intent to Increase Rent and Effective Date Notice [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Subject: Intent to Increase Rent and Effective Date Notice Dear [Tenant's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you of an upcoming adjustment to the rental amount for the property you are currently residing in, located at [Property Address], Albuquerque, New Mexico. As you may be aware, the cost of living and various expenses associated with maintaining rental properties have steadily increased in recent times. After careful consideration and in line with the current market rates, I have decided to implement a rental increase for your unit. Effective [Effective Date], the monthly rent for [Property Address] will be adjusted to [New Rental Amount]. This adjustment reflects the current market conditions and various factors that contribute to the overall cost of property management, maintenance, and improvements. Please note that this rental increase is in compliance with the rental terms stated in your lease agreement, which allows for adjustments in the rental amount with sufficient notice. As your lease is [state the details of the lease duration], this adjustment will be applied for the upcoming lease period, commencing on [Effective Date], and will remain in effect until the expiration of the lease. I understand that receiving a rental increase notice can be unexpected and come with financial implications. However, I assure you that this adjustment has been carefully considered and remains competitive with comparable properties in the area. I value your tenancy and believe that maintaining the property's quality and providing excellent services are vital for both of us. If you have any questions or concerns regarding this rental increase, please do not hesitate to contact me directly at [Phone Number] or via email at [Email Address]. I will be happy to address any queries you may have or discuss alternative arrangements if necessary. I kindly request that you provide written acknowledgment of this notice, confirming your understanding of the rental increase and your acceptance of the new rental amount. You may return it to me by [Due Date, typically 30 days before the effective date]. Thank you for your understanding and cooperation regarding this matter. I appreciate your continued tenancy and look forward to maintaining a positive landlord-tenant relationship. I aim to provide you with the best rental experience possible in our wonderful city of Albuquerque, New Mexico. Warm regards, [Your Name] [Your Title/Role, if applicable] [Property Owner/Landlord]
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.Albuquerque New Mexico Carta del propietario al inquilino sobre la intención de aumentar el alquiler y la fecha de vigencia del aumento del alquiler - New Mexico Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase
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How to fill out Albuquerque New Mexico Carta Del Propietario Al Inquilino Sobre La Intención De Aumentar El Alquiler Y La Fecha De Vigencia Del Aumento Del Alquiler?
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Landlord may increase rent once every 12 months, limited to 3% of the current rent, or the regional Consumer Price Index (CPI), whichever is higher. Rent increases are expressly subject to the provisions of AB 1482 California Tenant Protections Act (Cal. Civ.
There is no legal limit to how much your landlord can raise your rent in Indiana. Without rent control laws, a landlord can legally raise rent by any amount they choose (so long as they provide proper notice).
Rent ? New Mexico prohibits rent control on state and local levels, so landlords may charge whatever they deem reasonable for rent. There are also no limits for raising rent, but they must notify month-to-month tenants at least 30 days before the new rent takes effect.
The Tenant Protection Act of 2019 (AB 1482) restricts rent increases in any 12-month period to no more than 5% plus the percentage change in the cost of living (CPI), or 10%, whichever is lower. For increases that take effect on or after Aug. 1, 2022, due to inflation, all the applicable CPIs are 5% or greater.
Tenant rights Your landlord cannot raise your rent during a rental contract. They can only raise the rent after the contract is up, but are still required to give a notice of rent increase 60 days before. There is no rent control in Washington state, so landlords can raise your rent at their discretion.
If your building is older than that, your unit may be subject to the law's limits on annual rent hikes. Those limits come out to 5% plus the local consumer price index ? or 10%, whichever is lower.
The Residential Rent Stabilization Ordinance, approved by Saint Paul voters in November 2021, limits monthly rent increases to 3% in any 12-month period, even when tenant(s) move out.
Before any rent increase, landlords should always provide a tenant with enough notice. If you pay rent weekly or monthly, a minimum of one month's notice must be given. For a yearly tenancy, 6 months' notice must be provided.
According to AB-1482, the Tenant Protection Act of 2019, the maximum that landlords can raise rents in California is 5% per year, plus the percentage change in the cost of living according to the consumer price index, or 10% of the lowest rent increase at any time during the 12 months (whichever is less).
What to include in a rent increase letter Date of the rent increase letter. Name and information of the tenant and landlord. Property address and unit number (if applicable). Reference the expiration date of the existing lease. Current rent amount. Amount of rent increase. Date the rent increase will go into effect.
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Colorado's largest state body has adopted Colorado Revised Statutes section 36-19-119, which was written in 1894. They also adopted state law, chapter 36, section 12-33-107. The Colorado Revised Statutes are the laws of the state of Colorado. Colorado's state constitution provides that: Every right, privilege, or immunity secured or protected by the laws of Colorado is and shall remain inviolate, however that laws may be changed or amended from time to time by the legislature. Colorado has a statute that deals with the “Fair Housing Act”: Colorado Revised Statutes section 12-33-111 prohibits discrimination and harassment; and Chapter 36, Article 11 prohibits discrimination against those with a physical or mental disability. Under Colorado law there are six types of landlord-tenant contracts that are protected by the Fair Housing Act: lease, sublease, rental agreement, home-based agreement, sublease agreement, and rental agreement.
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