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.
Subject: Notice of Rental Increase and Effective Date ā Oklahoma City, Oklahoma Dear [Tenant's Name], We hope this letter finds you well. We greatly appreciate your tenancy in [Address of the Rental Property] in Oklahoma City, Oklahoma, and hope to continue our positive landlord-tenant relationship. This letter serves as formal notice of an upcoming rent increase and provides the necessary details for your reference. As you may know, the cost of living and property expenses have steadily risen in Oklahoma City, necessitating an adjustment in accordance with market rates. After careful consideration, we have determined that an adjustment in your monthly rent is necessary to maintain the upkeep and improvement of the property you currently occupy. Effective from [effective date], your monthly rent will be increased to the new rate of [new rental amount]. This increase is reflective of the current market value for properties similar to your rental unit in the Oklahoma City area. Please note that this adjustment is in compliance with all relevant local and state laws. We understand that financial changes can be challenging, and we have taken into account your valued tenancy. Additionally, we want to assure you that we have made every effort to keep the rent increase as minimal as possible while still ensuring the property's sustainability and the provision of quality services. The rental increase includes various factors such as increased property taxes, insurance costs, maintenance and repair expenses, as well as the general appreciation of the real estate market. We believe that these changes are necessary to continue providing you with a comfortable living environment, prompt maintenance services, and further property enhancements. We kindly request your acknowledgement and acceptance of the revised rental terms in writing by [date, typically 30 days after the letter's date]. If we do not receive your acceptance of the rental increase by this date, it will be assumed that you choose not to renew your lease agreement, and we will initiate the necessary steps to seek a new tenant for the property. Please feel free to contact us at [landlord's contact information] if you have any questions or concerns related to this notice. We value your tenancy and appreciate your cooperation during this transition. We strive to maintain a positive relationship and ensure you continue to have a comfortable living experience. Thank you for your attention to this matter, and we look forward to your response. Sincerely, [Your Name] [Your Title/Role] [Contact Information]
Subject: Notice of Rental Increase and Effective Date ā Oklahoma City, Oklahoma Dear [Tenant's Name], We hope this letter finds you well. We greatly appreciate your tenancy in [Address of the Rental Property] in Oklahoma City, Oklahoma, and hope to continue our positive landlord-tenant relationship. This letter serves as formal notice of an upcoming rent increase and provides the necessary details for your reference. As you may know, the cost of living and property expenses have steadily risen in Oklahoma City, necessitating an adjustment in accordance with market rates. After careful consideration, we have determined that an adjustment in your monthly rent is necessary to maintain the upkeep and improvement of the property you currently occupy. Effective from [effective date], your monthly rent will be increased to the new rate of [new rental amount]. This increase is reflective of the current market value for properties similar to your rental unit in the Oklahoma City area. Please note that this adjustment is in compliance with all relevant local and state laws. We understand that financial changes can be challenging, and we have taken into account your valued tenancy. Additionally, we want to assure you that we have made every effort to keep the rent increase as minimal as possible while still ensuring the property's sustainability and the provision of quality services. The rental increase includes various factors such as increased property taxes, insurance costs, maintenance and repair expenses, as well as the general appreciation of the real estate market. We believe that these changes are necessary to continue providing you with a comfortable living environment, prompt maintenance services, and further property enhancements. We kindly request your acknowledgement and acceptance of the revised rental terms in writing by [date, typically 30 days after the letter's date]. If we do not receive your acceptance of the rental increase by this date, it will be assumed that you choose not to renew your lease agreement, and we will initiate the necessary steps to seek a new tenant for the property. Please feel free to contact us at [landlord's contact information] if you have any questions or concerns related to this notice. We value your tenancy and appreciate your cooperation during this transition. We strive to maintain a positive relationship and ensure you continue to have a comfortable living experience. Thank you for your attention to this matter, and we look forward to your response. Sincerely, [Your Name] [Your Title/Role] [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.