This is a notice provided by the Landlord to Tenant explaining that once the lease term has expired, the Tenant has the option of vacating the premises or remaining on the premises provided that they abide by the posted rent increase.
Wyoming Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase
State:
Wyoming
Control #:
WY-1054LT
Format:
Word;
Rich Text
Instant download
Description Rent Letter
Free preview Rent Increase Letter
How to fill out Wyoming Letter From Landlord To Tenant About Intent To Increase Rent And Effective Date Of Rental Increase?
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FAQ
Dear (property manager's name), I wanted to contact you today to ask if we could discuss lowering my rent. I love living here but lately, finances have been difficult and a slight reduction in rent would go a long way in helping. It's important to me to be a good and responsible tenant.
A typical rent increase is around 3-5% annually.
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 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.
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.
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.
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.