Oregon Sample Letter for Notification of Rent Increase from Landlord to Tenant

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0212LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you of an upcoming change to your monthly rent amount. As per the terms of our lease agreement, I am exercising my right to increase the rent for the premises located at [property address], effective [date of rent increase]. After careful consideration and evaluating the market conditions in Oregon, it has become necessary to raise the rent in order to maintain the property, cover rising expenses, and remain competitive in the local rental market. The current monthly rent for your unit is $[current rent amount], and starting from [date of rent increase], the new monthly rent amount will be $[new rent amount]. This increase of $[amount of increase] represents a [percentage of increase] rise in your rent. It is important to note that this rent increase is within the limits set by the State of Oregon's statutes and complies with all legal requirements. The Oregon Revised Statutes (ORS) outlines the landlord's right to increase rent and states that a landlord must provide a written notice at least 90 days prior to the increase taking effect. I am fulfilling this legal obligation by notifying you within this mandated timeframe. Please be assured that any increase in rent reflects the fair market value for similar properties in our area. Oregon's rental market has experienced a significant surge in demand, resulting in increased property values and operating costs. By implementing this rent increase, I will be better positioned to make necessary repairs, maintain the quality of our property, and continue providing excellent service to all of our tenants. I understand that rent increases may impact your monthly budget, and I wanted to ensure you have adequate time to adjust your finances accordingly. I value you as a tenant and aim to maintain a positive landlord-tenant relationship. If you have any questions or concerns regarding this rent increase, please don't hesitate to reach out. We can discuss the details further to address any queries you may have. Thank you for your understanding and cooperation in this matter. Your continued tenancy is important to me, and I appreciate your prompt attention to this rent increase notice. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Keywords: Oregon, sample letter, notification, rent increase, landlord, tenant, rent amount, lease agreement, property address, market conditions, rising expenses, competitive rental market, current rent, new rent, amount of increase, percentage increase, rent limits, Oregon Revised Statutes, written notice, legal requirements, 90 days, fair market value, surge in demand, property values, repairs, quality maintenance, excellent service, positive landlord-tenant relationship, monthly budget, adjust finances, tenant queries, cooperation, tenancy.

Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you of an upcoming change to your monthly rent amount. As per the terms of our lease agreement, I am exercising my right to increase the rent for the premises located at [property address], effective [date of rent increase]. After careful consideration and evaluating the market conditions in Oregon, it has become necessary to raise the rent in order to maintain the property, cover rising expenses, and remain competitive in the local rental market. The current monthly rent for your unit is $[current rent amount], and starting from [date of rent increase], the new monthly rent amount will be $[new rent amount]. This increase of $[amount of increase] represents a [percentage of increase] rise in your rent. It is important to note that this rent increase is within the limits set by the State of Oregon's statutes and complies with all legal requirements. The Oregon Revised Statutes (ORS) outlines the landlord's right to increase rent and states that a landlord must provide a written notice at least 90 days prior to the increase taking effect. I am fulfilling this legal obligation by notifying you within this mandated timeframe. Please be assured that any increase in rent reflects the fair market value for similar properties in our area. Oregon's rental market has experienced a significant surge in demand, resulting in increased property values and operating costs. By implementing this rent increase, I will be better positioned to make necessary repairs, maintain the quality of our property, and continue providing excellent service to all of our tenants. I understand that rent increases may impact your monthly budget, and I wanted to ensure you have adequate time to adjust your finances accordingly. I value you as a tenant and aim to maintain a positive landlord-tenant relationship. If you have any questions or concerns regarding this rent increase, please don't hesitate to reach out. We can discuss the details further to address any queries you may have. Thank you for your understanding and cooperation in this matter. Your continued tenancy is important to me, and I appreciate your prompt attention to this rent increase notice. Sincerely, [Your Name] [Your Address] [City, State, ZIP Code] [Phone Number] [Email Address] Keywords: Oregon, sample letter, notification, rent increase, landlord, tenant, rent amount, lease agreement, property address, market conditions, rising expenses, competitive rental market, current rent, new rent, amount of increase, percentage increase, rent limits, Oregon Revised Statutes, written notice, legal requirements, 90 days, fair market value, surge in demand, property values, repairs, quality maintenance, excellent service, positive landlord-tenant relationship, monthly budget, adjust finances, tenant queries, cooperation, tenancy.