Lansing Michigan Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase

• Category: Michigan Landlord Tenant - Notices and Letters - Rent
• State: Michigan
• City: Lansing
• Control #: MI-1054LT
• Format: Word; Rich Text

Description

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], RE: INTENT TO INCREASE RENT AND EFFECTIVE DATE I hope this letter finds you well. It is with regret that I must inform you of an upcoming rental increase for the [property address] in Lansing, Michigan. As your landlord, I am writing to provide you with the necessary details regarding the intent to increase your monthly rent and the effective date of this rental increase. 1. STANDARD RENTAL INCREASE: Effective [effective date], there will be a slight increase in your monthly rent. This increase is within the guidelines set forth by the State of Michigan and reflects the current market conditions in the Lansing area. We have carefully considered numerous factors, such as property maintenance costs, inflation, and the overall economic climate, in order to arrive at this decision. The new monthly rental amount will be [new rental amount], an increase of [percentage increase] over your current monthly rent. 2. RENTAL INCREASE BASED ON PROPERTY IMPROVEMENTS: Alternatively, if your rental property has undergone significant improvements or renovations, there may be a rental increase beyond the standard increase mentioned above. These improvements may include major interior or exterior repairs, upgrades to facilities, or the installation of new amenities that enhance the overall value and quality of living for tenants. In such cases, the rental increase will be justified by the added value these enhancements bring to the property. We will notify you in advance if this type of rental increase applies to your unit. 3. NOTICE OF RENTAL INCREASE: In accordance with the lease agreement, we are giving you at least [required notice period] days' notice prior to the effective date of the rent increase. This is to allow you sufficient time to adjust your budget accordingly and make necessary financial arrangements. Please note that failure to pay the new rental amount on time may result in penalties or other legal actions as outlined in the lease agreement. 4. CONTACT INFORMATION: If you have any questions or concerns about this rental increase, please feel free to reach out to our management team at [phone number] or [email address]. We value you as a tenant and are committed to maintaining a transparent and communicative relationship with all residents. We understand that any increase in rental costs may cause some inconvenience, but we assure you that it is a necessary step to uphold the quality and value of your living experience in our property. Furthermore, we appreciate your understanding and cooperation in this matter. Thank you for your continued tenancy. Sincerely, [Landlord's Name] [Landlord's Contact Information]

Dear [Tenant's Name], RE: INTENT TO INCREASE RENT AND EFFECTIVE DATE I hope this letter finds you well. It is with regret that I must inform you of an upcoming rental increase for the [property address] in Lansing, Michigan. As your landlord, I am writing to provide you with the necessary details regarding the intent to increase your monthly rent and the effective date of this rental increase. 1. STANDARD RENTAL INCREASE: Effective [effective date], there will be a slight increase in your monthly rent. This increase is within the guidelines set forth by the State of Michigan and reflects the current market conditions in the Lansing area. We have carefully considered numerous factors, such as property maintenance costs, inflation, and the overall economic climate, in order to arrive at this decision. The new monthly rental amount will be [new rental amount], an increase of [percentage increase] over your current monthly rent. 2. RENTAL INCREASE BASED ON PROPERTY IMPROVEMENTS: Alternatively, if your rental property has undergone significant improvements or renovations, there may be a rental increase beyond the standard increase mentioned above. These improvements may include major interior or exterior repairs, upgrades to facilities, or the installation of new amenities that enhance the overall value and quality of living for tenants. In such cases, the rental increase will be justified by the added value these enhancements bring to the property. We will notify you in advance if this type of rental increase applies to your unit. 3. NOTICE OF RENTAL INCREASE: In accordance with the lease agreement, we are giving you at least [required notice period] days' notice prior to the effective date of the rent increase. This is to allow you sufficient time to adjust your budget accordingly and make necessary financial arrangements. Please note that failure to pay the new rental amount on time may result in penalties or other legal actions as outlined in the lease agreement. 4. CONTACT INFORMATION: If you have any questions or concerns about this rental increase, please feel free to reach out to our management team at [phone number] or [email address]. We value you as a tenant and are committed to maintaining a transparent and communicative relationship with all residents. We understand that any increase in rental costs may cause some inconvenience, but we assure you that it is a necessary step to uphold the quality and value of your living experience in our property. Furthermore, we appreciate your understanding and cooperation in this matter. Thank you for your continued tenancy. Sincerely, [Landlord's Name] [Landlord's Contact Information]