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: Important Notice Regarding Rent Increase in Murfreesboro, Tennessee — Effective Date: [Date] Dear [Tenant's Name], We hope this letter finds you well. As your landlord, we greatly appreciate your tenancy and the care you have shown for the [residential/commercial] property located at [property address] in scenic Murfreesboro, Tennessee. The purpose of this letter is to inform you about an upcoming change in your monthly rental payment. After careful consideration and analysis of various factors, such as property maintenance costs, local market trends, and inflation, we have decided to exercise our right to adjust the rent amount. Effective from [date], your monthly rent will be increased by [percentage/flat amount], resulting in a new total of $[new rent amount]. This update is in line with the current market conditions and will help us ensure the continued upkeep and enhancement of the property, allowing us to provide a comfortable living environment for you and other residents. We understand that any change in rent can impact your budget planning, and we value our tenants' satisfaction. Rest assured that this decision was made after careful consideration and is necessary to maintain the property's integrity, fulfill our obligations, and meet the rising costs associated with utilities, taxes, and other essential services. We believe that the new rental amount remains competitive when compared to similar properties in Murfreesboro, while reflecting the quality and amenities offered at [property name]. Please be advised that the new rental rate will come into effect from [date]. It is crucial to ensure timely payment of the new rent amount, as outlined in your rental agreement. We kindly request you to update any automatic payment settings or notify your bank to avoid any disruptions or late fees in the future. We are committed to maintaining open communication and ensuring your satisfaction as a valued tenant. Should you have any questions, concerns, or require further clarification regarding the rent increase, please do not hesitate to contact our property management team at [phone number] or [email address]. We'll be delighted to assist you and address any queries you may have. Thank you for your understanding and cooperation in this matter. We genuinely appreciate your residency and hope that you will continue to call [property address] your home for years to come. We strive to provide you with a safe and comfortable living environment, and we remain dedicated to serving you with the utmost professionalism. Wishing you all the best. Sincerely, [Landlord's Name] [Landlord's 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.
