Subject: Important Notice — Rent Increase Notification from Your Landlord [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Dear [Tenant's Name], I hope this letter finds you well. It is with great consideration and after careful evaluation that I write to you concerning an upcoming change in your rental agreement terms. Effective [date, generally 30-60 days from the date of this notice], there will be an adjustment to your monthly rent. Please take the time to read this letter thoroughly as it explains the specific details of the rent increase. Overview: As you may be aware, Phoenix, Arizona, is a thriving city renowned for its vibrant communities, beautiful landscapes, and various amenities. It offers an array of housing options, including residential properties like the one you currently occupy. With popularity and demand steadily increasing, it has become necessary to revise rental costs to align with the current market rates. Rent Increase Details: In light of various factors, including rising property taxes, increasing maintenance expenses, and the local housing market's upward trajectory, it has become necessary to implement an equitable rent increase for your unit. Beginning on [new rental rate effective date], your monthly rent will be increased to [new rental amount]. Understanding the Increase: I want to assure you that this increase has been calculated with utmost fairness in mind. Extensive research and benchmarking have been undertaken to ensure the new rental amount aligns with current market conditions while considering the unique characteristics of your specific dwelling. Lease Terms and Conditions: It is important to note that your lease agreement, including all existing terms and conditions, will remain unchanged apart from the rent increase. The duration and obligations of your existing lease will remain valid, and all other payment modes or requirements shall proceed as usual. Payment Details: Starting from the above-mentioned effective date, kindly remit your monthly rent in the amount of [new rental amount] via [preferred payment method]. Ensuring timely payments will continue to promote a mutually beneficial landlord-tenant relationship. Contact Information: Should you have any questions, concerns, or require further clarification regarding this rent increase, please feel free to reach out to me at the contact details provided above. I am more than willing to address your queries and provide any necessary assistance. Conclusion: I understand that any adjustment to your monthly rental payment may pose a financial impact. However, I assure you that this decision was made diligently to maintain the property's sustainability and ensure the provision of excellent housing for our valued tenants. Phoenix, Arizona, continues to be an exciting and desirable place to live, and we appreciate your continued residency. Thank you for your understanding, cooperation, and prompt attention to this matter. I look forward to continuing our fruitful landlord-tenant relationship. Kindly acknowledge receipt of this letter by signing and returning the enclosed copy. Yours sincerely, [Your Name] [Your Title/Position (if applicable)]
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.