This is a sample letter from the Landlord to the Tenant. This letter is used as a Notice to the Tenant that the rent was voluntarily lowered in exchange for the Tenant making needed repairs to the premises.
Subject: Indianapolis Indiana Letter from Landlord to Tenant — Rent Reduction Agreement Keywords: Indianapolis, Indiana, Letter, Landlord, Tenant, Notice, Rent, Voluntarily Lowered, Agreement, Repairs, Required Dear [Tenant's Name], RE: Voluntary Rent Reduction in Exchange for Tenant-Initiated Repairs We hope this letter finds you well. As your landlord, we value your tenancy and strive to provide you with a comfortable living environment. This notice is to inform you of a recent decision regarding an adjustment to your monthly rent in exchange for your agreement to undertake specific repairs that are typically the responsibility of the landlord. Firstly, please allow us to acknowledge your renewed lease agreement with us, signed on [date]. Your commitment to remain in our property is greatly appreciated, and we, as your landlords, deeply value the trust and rapport we have fostered throughout our tenancy together. Due to certain concerns related to the condition of the property, we have deemed it necessary to implement a rent reduction agreement for a set period. Your proactive participation, by agreeing to execute the required repairs that traditionally fall within the landlord's responsibility, will ensure the continued comfort and optimal living conditions of the premises. Outlined below are the details of the rent reduction agreement: 1. Effective Date: The new rent amount will take effect on [date], mutually agreed upon by both parties involved. 2. Rental Amount: The monthly rent will be voluntarily reduced to [new amount]. 3. Duration: This arrangement will be in effect for a specific period specified as [duration, e.g., six months], commencing from the effective date. At the end of this period, the rent will return to the pre-agreed amount specified in the original lease agreement. 4. Tenant-Initiated Repairs: As a part of this agreement, you, as the tenant, shall undertake the following repairs that are normally the responsibility of the landlord: [list of repairs or renovations required]. a. It is mandatory that all repairs be carried out to professional standards, adhering to applicable building codes and regulations. b. Any costs associated with the execution of these repairs shall be borne by the tenant. However, it is essential to consult with, and obtain approval from, the landlord before proceeding with any significant expenditure. c. Documentation, such as receipts or invoices, must be provided to the landlord as proof of work completion and cost. d. A reasonable timeframe, agreed upon by both parties, for completing the repairs shall be specified. It is important to maintain open lines of communication throughout the process, updating the landlord on progress or any unexpected delays. We must emphasize that failure to comply with the terms of this agreement, specifically the completion of the repairs within the stipulated timeframe, may lead to the termination of this rent reduction agreement. In such a scenario, the original rent amount specified in the lease agreement will resume, and any repair responsibilities will revert to the landlord. We believe this arrangement will be mutually beneficial, as it alleviates maintenance demands on our end while providing you with a reduced rental amount during the specified period. Furthermore, your contributions to maintaining the property in good condition will undoubtedly enhance your quality of living. Please review the terms outlined in this letter carefully. Should you agree to the rent reduction agreement and the associated repairs, kindly sign and return a copy of this letter to our office no later than [date]? Any questions or concerns you may have regarding this agreement can be addressed by contacting our office at [landlord's contact information]. We appreciate your cooperation and look forward to your prompt attention to the repair tasks mentioned. As always, we remain committed to providing you with a safe and comfortable living environment. Thank you for your cooperation. Yours sincerely, [Landlord's Name] [Landlord's Contact Information]Subject: Indianapolis Indiana Letter from Landlord to Tenant — Rent Reduction Agreement Keywords: Indianapolis, Indiana, Letter, Landlord, Tenant, Notice, Rent, Voluntarily Lowered, Agreement, Repairs, Required Dear [Tenant's Name], RE: Voluntary Rent Reduction in Exchange for Tenant-Initiated Repairs We hope this letter finds you well. As your landlord, we value your tenancy and strive to provide you with a comfortable living environment. This notice is to inform you of a recent decision regarding an adjustment to your monthly rent in exchange for your agreement to undertake specific repairs that are typically the responsibility of the landlord. Firstly, please allow us to acknowledge your renewed lease agreement with us, signed on [date]. Your commitment to remain in our property is greatly appreciated, and we, as your landlords, deeply value the trust and rapport we have fostered throughout our tenancy together. Due to certain concerns related to the condition of the property, we have deemed it necessary to implement a rent reduction agreement for a set period. Your proactive participation, by agreeing to execute the required repairs that traditionally fall within the landlord's responsibility, will ensure the continued comfort and optimal living conditions of the premises. Outlined below are the details of the rent reduction agreement: 1. Effective Date: The new rent amount will take effect on [date], mutually agreed upon by both parties involved. 2. Rental Amount: The monthly rent will be voluntarily reduced to [new amount]. 3. Duration: This arrangement will be in effect for a specific period specified as [duration, e.g., six months], commencing from the effective date. At the end of this period, the rent will return to the pre-agreed amount specified in the original lease agreement. 4. Tenant-Initiated Repairs: As a part of this agreement, you, as the tenant, shall undertake the following repairs that are normally the responsibility of the landlord: [list of repairs or renovations required]. a. It is mandatory that all repairs be carried out to professional standards, adhering to applicable building codes and regulations. b. Any costs associated with the execution of these repairs shall be borne by the tenant. However, it is essential to consult with, and obtain approval from, the landlord before proceeding with any significant expenditure. c. Documentation, such as receipts or invoices, must be provided to the landlord as proof of work completion and cost. d. A reasonable timeframe, agreed upon by both parties, for completing the repairs shall be specified. It is important to maintain open lines of communication throughout the process, updating the landlord on progress or any unexpected delays. We must emphasize that failure to comply with the terms of this agreement, specifically the completion of the repairs within the stipulated timeframe, may lead to the termination of this rent reduction agreement. In such a scenario, the original rent amount specified in the lease agreement will resume, and any repair responsibilities will revert to the landlord. We believe this arrangement will be mutually beneficial, as it alleviates maintenance demands on our end while providing you with a reduced rental amount during the specified period. Furthermore, your contributions to maintaining the property in good condition will undoubtedly enhance your quality of living. Please review the terms outlined in this letter carefully. Should you agree to the rent reduction agreement and the associated repairs, kindly sign and return a copy of this letter to our office no later than [date]? Any questions or concerns you may have regarding this agreement can be addressed by contacting our office at [landlord's contact information]. We appreciate your cooperation and look forward to your prompt attention to the repair tasks mentioned. As always, we remain committed to providing you with a safe and comfortable living environment. Thank you for your cooperation. Yours sincerely, [Landlord's Name] [Landlord's Contact Information]
