Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you of my intent to increase the rent for your [apartment/house/property] located in the Bronx, New York. First and foremost, I would like to express my gratitude for your tenancy and the responsible manner in which you have maintained the property. As a landlord, it is essential for me to maintain a fair and sustainable financial arrangement that aligns with the current market conditions and property maintenance costs. After careful consideration and reviewing the local housing market, I have determined that a rental increase is necessary. The new rental price will be [EX] per month, effective as of [date]. This adjustment reflects the rising costs of property taxes, maintenance expenses, and other related factors in the Bronx. Please understand that this rental increase is not an attempt to put any strain on you financially. My aim is to ensure that the rental value remains competitive, while also allowing for necessary improvements to enhance your living experience. As a responsible landlord, I strive to provide you with a comfortable and well-maintained home. I do acknowledge that any increase in rental costs can pose an inconvenience for tenants. However, I believe it is important to maintain a fair and balanced financial agreement that benefits both parties involved. Please be assured that I have conducted thorough research and compared the current rental rates for similar properties in the area to arrive at a reasonable increase. I would be more than willing to discuss this matter further and address any concerns or questions you may have. Should you wish to negotiate a revised rental price or discuss a longer-term lease, please do not hesitate to contact me. I am open to finding a mutually beneficial solution. Lastly, I kindly ask that you inform me within [notice period, usually 30 or 60 days] of your intention to continue your tenancy at the new rental price or if you have plans to vacate the property. This will provide me with ample time to plan and make necessary adjustments to ensure a smooth transition. Thank you for your attention to this matter. I value your tenancy and hope we can reach an agreement that satisfies both parties. Kindly sign and return the attached acknowledgment form to confirm your receipt of this rent increase notification letter. Best regards, [Your Name] [Your Contact Information]
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.