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.
Dear [Tenant's Name], I hope this letter finds you well. First and foremost, I would like to express my gratitude for your tenancy at [property address]. It has been a pleasure having you as a tenant and I appreciate your commitment to maintaining the property. I am writing to inform you about an impending adjustment to the rental rate of your unit. Due to various factors, including increased property taxes, maintenance expenses, and general inflation, it has become necessary to initiate a rental increase. This adjustment ensures that the property continues to meet the rising costs associated with its upkeep and improvements. Effective [effective date of rental increase], your monthly rent will be adjusted from [current rental amount] to [new rental amount]. The new rental rate accurately reflects the market value of similar properties in our area and also considers the improvements made to the building and amenities over time. I understand that a rental increase may present challenges, but please rest assured that this decision was made after careful consideration and assessment of the local rental market conditions. The proposed increase remains within reasonable limits to ensure the fair treatment of all residents. I invite you to review the new terms and conditions outlined in the attached lease agreement, reflecting the adjusted rental rate. Please carefully review this document to ensure you understand the terms and expectations moving forward. Should you have any questions or concerns, please do not hesitate to contact our office. We are always available to discuss any issues that may arise. We value your tenancy and hope that you continue to find our property a comfortable and enjoyable place to call home. Furthermore, we understand that this adjustment may necessitate some budgeting adjustments on your end. However, we believe the value and quality of our property warrant this reasonable increase. Thank you for your understanding and cooperation in this matter. We kindly request that you acknowledge receipt of this letter by signing and returning the enclosed copy. Sincerely, [Landlord's Name] [Landlord's Contact Information] Additional types of Cuyahoga Ohio Letters from Landlord to Tenant about Intent to increase rent and effective date of rental increase: 1. Notice of Rent Increase — Late Payment Consequence: This type of letter signifies an additional rental increase as a consequence of recurring delayed rent payments. 2. Notice of Rent Increase — Extended Lease Renewal: Used when tenants extend their lease for a specific duration, with an accompanying rent increase explained. 3. Notice of Rent Increase — Month-to-Month Tenancy: Specifically for tenants on a month-to-month rental agreement, outlining the intention to raise the monthly rent and providing an effective date for the increase. 4. Notice of Rent Increase — Building-Wide Increase: Aimed at notifying all tenants within a building about a rent increase, typically due to major capital improvements or renovations. It's important to adapt the content depending on the specific circumstances and laws of Cuyahoga County, Ohio. Always consult with legal professionals or use templates provided by local rental associations to ensure compliance with regulations.Dear [Tenant's Name], I hope this letter finds you well. First and foremost, I would like to express my gratitude for your tenancy at [property address]. It has been a pleasure having you as a tenant and I appreciate your commitment to maintaining the property. I am writing to inform you about an impending adjustment to the rental rate of your unit. Due to various factors, including increased property taxes, maintenance expenses, and general inflation, it has become necessary to initiate a rental increase. This adjustment ensures that the property continues to meet the rising costs associated with its upkeep and improvements. Effective [effective date of rental increase], your monthly rent will be adjusted from [current rental amount] to [new rental amount]. The new rental rate accurately reflects the market value of similar properties in our area and also considers the improvements made to the building and amenities over time. I understand that a rental increase may present challenges, but please rest assured that this decision was made after careful consideration and assessment of the local rental market conditions. The proposed increase remains within reasonable limits to ensure the fair treatment of all residents. I invite you to review the new terms and conditions outlined in the attached lease agreement, reflecting the adjusted rental rate. Please carefully review this document to ensure you understand the terms and expectations moving forward. Should you have any questions or concerns, please do not hesitate to contact our office. We are always available to discuss any issues that may arise. We value your tenancy and hope that you continue to find our property a comfortable and enjoyable place to call home. Furthermore, we understand that this adjustment may necessitate some budgeting adjustments on your end. However, we believe the value and quality of our property warrant this reasonable increase. Thank you for your understanding and cooperation in this matter. We kindly request that you acknowledge receipt of this letter by signing and returning the enclosed copy. Sincerely, [Landlord's Name] [Landlord's Contact Information] Additional types of Cuyahoga Ohio Letters from Landlord to Tenant about Intent to increase rent and effective date of rental increase: 1. Notice of Rent Increase — Late Payment Consequence: This type of letter signifies an additional rental increase as a consequence of recurring delayed rent payments. 2. Notice of Rent Increase — Extended Lease Renewal: Used when tenants extend their lease for a specific duration, with an accompanying rent increase explained. 3. Notice of Rent Increase — Month-to-Month Tenancy: Specifically for tenants on a month-to-month rental agreement, outlining the intention to raise the monthly rent and providing an effective date for the increase. 4. Notice of Rent Increase — Building-Wide Increase: Aimed at notifying all tenants within a building about a rent increase, typically due to major capital improvements or renovations. It's important to adapt the content depending on the specific circumstances and laws of Cuyahoga County, Ohio. Always consult with legal professionals or use templates provided by local rental associations to ensure compliance with regulations.
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.
