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.
Fort Collins Colorado Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase Dear [Tenant's Name], RE: Notice of Intent to Increase Rent and Effective Date of Rental Increase We hope this letter finds you well. We would like to take this opportunity to inform you about an upcoming change in your rental terms. As part of our commitment to maintaining quality accommodation and keeping up with the current market conditions in Fort Collins, Colorado, we have decided to increase the rental amount for your unit. Effective [Effective Date], your monthly rent will be increased from [Current Rental Amount] to [New Rental Amount]. This increase is based on various factors such as inflation, the rising costs of property maintenance, taxes, and improvements made to the property to enhance your living experience. We understand that any change in rental terms can have an impact on your budget, and we want to assure you that this decision has been made after careful consideration. We strive to provide you with value for your money, ensuring that our properties continue to meet your expectations and offer you a safe and comfortable living environment. It is essential to consider the broader housing market conditions in Fort Collins, where rental values have been steadily increasing due to high demand and limited supply. Our goal is to maintain competitive rental rates, ensuring a fair return on investment, while continuing to improve our properties to meet your needs. We kindly request that you acknowledge this notice of rent increase within [number of days] from the date of this letter, as required by the terms of your lease agreement. Should you have any questions or concerns regarding this increase, we encourage you to reach out to our management team, who will be more than happy to address them and discuss options if necessary. Please note that failure to acknowledge this notice within the specified timeframe may be considered acceptance of the rental increase, and it will be implemented from the effective date mentioned above. We appreciate your understanding and cooperation in this matter. We value you as a tenant and are committed to providing you with the best possible housing experience. Thank you for choosing to rent from us and being part of our community. Best regards, [Landlord's Name] [Landlord's Contact Information] Alternative Types of Fort Collins Colorado Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase: 1. Notice of Intent to Increase Rent and Effective Date of Rental Increase Due to Property Upgrades: If the rental increase is primarily attributable to significant property upgrades or renovations that directly benefit the tenant's living conditions. 2. Notice of Intent to Increase Rent and Effective Date of Rental Increase with Options for Lease Renewal: When the landlord offers the tenant the choice to renew the lease at the increased rental rate or to terminate the lease agreement upon expiration. 3. Notice of Intent to Increase Rent and Effective Date of Rental Increase for Month-to-Month Tenancy: For tenants with a month-to-month lease, providing notification of the rental increase and the new rental amount, along with the effective date.
