Massachusetts Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase
Description Rent Increase Notice
How to fill out Rent Increase Form?
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Rent Increase Notice Template FAQ
Tenant's name. Property address. Landlord's name and contact info. Date the letter was written. Date the rent increase will take effect. Rent increase amount. Current rental amount. Date the new rent will be due.
Rent Increases: There is no legal limit to the amount of rent a landlord can charge. However, in order for the rent increase to be valid, the landlord must provide the tenant proper notice of the raise in rent and the tenant must agree to it (signs the lease with the new monthly rent).
The name of your tenant. The date. The property address. The lease expiration date. The date the rent increase will take effect. The amount of the increase. The current rental amount. Date the new rent will be due.
Remember you're a business. Do your research. Raise the rent all at once or incrementally. Don't negotiate or ask tenants what they think a fair rent increase would be. Be courteous and firm. Find a template you like. Send a formal letter by certified mail. Give the tenant notice.
Tenant's name. Property address. Landlord name and contact information. Date the letter is written. Date the rent increase will take effect. Amount of rent increase. Current cost of rent.
The full names of both landlord and tenant. The type of property you are leasing. The location of the property. The type of tenancy (fixed term or periodic) Details about the rent (current rent vs. new rent and effective dates) Details about the lease (start date and signing date)
In most states, a landlord must give tenants notice at least 30 days before they'll enforce a rent increase. However, in other states like California, the notice can increase to 60 days' notice if the increase is more than 10% of the current rent rate.
A typical rent increase is around 3-5% annually.