This is a letter to tenants regarding rent increase.
Indiana Letter - Notice To Tenants Announcing Rent Increase
State:
Multi-State
Control #:
US-1110LT
Format:
Word;
Rich Text
Instant download
Description
How to fill out Letter - Notice To Tenants Announcing Rent Increase?
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FAQ
Can a landlord raise rent without notice? A landlord cannot increase rent as long as that price is specified as being the fixed amount for the entire term of the lease. For example, if you sign a lease for $1,000 per month for 12 months, the landlord cannot charge more than $1,000 per month until after those 12 months.
With regards to notifying my tenants of the rent increase, I send them an email or letter two months before their contract ends, asking if they wish to stay for another year, whilst letting them know what the new rent will be. I also send out their new contract with the increased rent added.
Neither instance of reasonable is defined in the Indiana code, but most landlords give 24-hour notice and enter during normal business hours. The reasons of entry include requested repairs, inspection, maintenance, court order, abandonment, showing the apartment to prospective tenants, or emergencies.
A landlord must always provide a tenant with enough notice before any increase in rent. A minimum of one month's notice must be given if you pay rent weekly or monthly. For a yearly tenancy, 6 months' notice must be provided.
Unlike some states, Indiana does not have a law that lets tenants withhold rent or make repairs and deduct it from the rent. Generally, if you do not pay rent, you could be evicted. There may be very limited cases where you can repair and deduct, but you should talk to a lawyer first.
In summary, a landlord must consult with his tenant in seeking to increase rent unless there is an earlier agreement between both, authorizing the landlord to increase rent without the input/consent of his tenant.
As such, landlords can set rental prices as high as they want. Rent increases. There are no limits to how much Indian landlords can raise rent but state law requires landlords to give tenants at least 30 days of written notice before raising rental prices.
There are no limits to how much Indian landlords can raise rent but state law requires landlords to give tenants at least 30 days of written notice before raising rental prices. Rent-related fees. Indiana has no limits on how much landlords can charge in late fees. The state does mandate a $25 returned check fee.
What to include in a rent increase letterDate of the rent increase letter.Name and information of the tenant and landlord.Property address and unit number (if applicable).Reference the expiration date of the existing lease.Current rent amount.Amount of rent increase.Date the rent increase will go into effect.More items...
