This is a notice provided by the Landlord to Tenant explaining that once the lease term has expired. Tenant has the option of vacating the premises or remaining on the premises provided that they abide by the posted rent increase.
Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you about an upcoming change regarding your rental agreement for the property located at [property address] in Rancho Cucamonga, California. After careful consideration, it has become necessary to adjust the rent amount in order to align with current market rates and cover the rising costs of property maintenance and utilities. Effective [effective date], your monthly rent will be increased as follows: 1. Standard Rental Increase Letter: Monthly Rent Before Increase: $[current rent] Monthly Rent After Increase: $[new rent] Percentage Increase: [percentage increase] 2. Rent Adjustment Notice: Monthly Rent Before Adjustment: $[current rent] Monthly Rent After Adjustment: $[new rent] Adjustment Basis: [explanation of the basis for the rent adjustment e.g., increased property taxes, maintenance expenses, etc.] We understand that any change in rent can impact your budget, and we strive to be transparent and reasonable throughout this process. We have conducted thorough market research to ensure that the new rental rate is competitive and reflective of the current value of the property. Furthermore, we value you as a tenant and appreciate the responsible and respectful manner in which you have maintained the property. Furthermore, we believe this adjustment will allow both parties to continue to benefit from a well-maintained and comfortable living environment. Please note that any failure to pay the increased rent amount by the due date would be considered a breach of the lease agreement. We encourage you to review the terms and conditions outlined in your lease agreement for further details regarding rental payment procedures, late fees, and consequences of non-compliance. If you have any questions or concerns regarding this increase, or if you would like to discuss the matter further, please do not hesitate to contact me at [landlord's contact information]. We are open to discussing and addressing any issues or considerations you may have. Thank you for your understanding and cooperation in this matter. We truly value your tenancy and hope to continue to provide you with a comfortable and pleasant living experience. We appreciate your attention to this notice, and we look forward to your prompt response. Sincerely, [Landlord's Name] [Landlord's Contact Information]Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you about an upcoming change regarding your rental agreement for the property located at [property address] in Rancho Cucamonga, California. After careful consideration, it has become necessary to adjust the rent amount in order to align with current market rates and cover the rising costs of property maintenance and utilities. Effective [effective date], your monthly rent will be increased as follows: 1. Standard Rental Increase Letter: Monthly Rent Before Increase: $[current rent] Monthly Rent After Increase: $[new rent] Percentage Increase: [percentage increase] 2. Rent Adjustment Notice: Monthly Rent Before Adjustment: $[current rent] Monthly Rent After Adjustment: $[new rent] Adjustment Basis: [explanation of the basis for the rent adjustment e.g., increased property taxes, maintenance expenses, etc.] We understand that any change in rent can impact your budget, and we strive to be transparent and reasonable throughout this process. We have conducted thorough market research to ensure that the new rental rate is competitive and reflective of the current value of the property. Furthermore, we value you as a tenant and appreciate the responsible and respectful manner in which you have maintained the property. Furthermore, we believe this adjustment will allow both parties to continue to benefit from a well-maintained and comfortable living environment. Please note that any failure to pay the increased rent amount by the due date would be considered a breach of the lease agreement. We encourage you to review the terms and conditions outlined in your lease agreement for further details regarding rental payment procedures, late fees, and consequences of non-compliance. If you have any questions or concerns regarding this increase, or if you would like to discuss the matter further, please do not hesitate to contact me at [landlord's contact information]. We are open to discussing and addressing any issues or considerations you may have. Thank you for your understanding and cooperation in this matter. We truly value your tenancy and hope to continue to provide you with a comfortable and pleasant living experience. We appreciate your attention to this notice, and we look forward to your prompt response. Sincerely, [Landlord's Name] [Landlord's Contact Information]
