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.
Subject: Queens, New York — Notice of Intent to Increase Rent and Effective Date Dear [Tenant's Name], We hope this letter finds you well. We appreciate your tenancy and would like to inform you about an upcoming change in the terms of your rental agreement. As per the latest market trends and rising expenses, it has become necessary to adjust the rent for your [apartment/house/property] located in [property address], Queens, New York. Effective [date], your monthly rent will be increased [specify percentage/amount]. This increase is in line with the current rental market conditions in Queens, ensuring we can continue to provide you with quality living space and necessary property maintenance services. We understand that any change in rental costs presents a financial adjustment. However, we believe that this increase is essential to meet the rising costs of property taxes, insurance, maintenance, and overall inflation. Additionally, it allows us to carry out necessary repairs and improvements to enhance your rental experience. We have thoroughly researched the rental prices in the Queens area and have strived to keep the increase moderate and fair. We are confident that our pricing remains competitive and aligns with the current market rates in the neighborhood. Furthermore, we understand the importance of budgeting and planning. Therefore, we want to provide you with ample time to adjust to the new rental terms. The new rent will come into effect on [effective date]. The first payment subjected to the increased amount will be due on [date] corresponding to your rental cycle. We kindly request your cooperation in promptly adjusting your records and bank auto-payments, if applicable. Regular payment of rent is vital to maintaining a healthy landlord-tenant relationship, and we greatly appreciate your adherence to the rental contract terms. Please note that this increase in rent will be accompanied by a continuation of our commitment to providing you with safe, well-maintained premises and reliable property management services. We highly value you as a tenant and aim to make your rental experience as comfortable and convenient as possible. Should you have any questions or concerns regarding this rental increase, please do not hesitate to reach out to our office. We are more than willing to address any queries and discuss your rental agreement. Once again, we appreciate your tenancy and look forward to continuing our positive landlord-tenant relationship. Thank you for your understanding and prompt attention to this matter. Best regards, [Landlord's Name] [Landlord's Contact Information]
Subject: Queens, New York — Notice of Intent to Increase Rent and Effective Date Dear [Tenant's Name], We hope this letter finds you well. We appreciate your tenancy and would like to inform you about an upcoming change in the terms of your rental agreement. As per the latest market trends and rising expenses, it has become necessary to adjust the rent for your [apartment/house/property] located in [property address], Queens, New York. Effective [date], your monthly rent will be increased [specify percentage/amount]. This increase is in line with the current rental market conditions in Queens, ensuring we can continue to provide you with quality living space and necessary property maintenance services. We understand that any change in rental costs presents a financial adjustment. However, we believe that this increase is essential to meet the rising costs of property taxes, insurance, maintenance, and overall inflation. Additionally, it allows us to carry out necessary repairs and improvements to enhance your rental experience. We have thoroughly researched the rental prices in the Queens area and have strived to keep the increase moderate and fair. We are confident that our pricing remains competitive and aligns with the current market rates in the neighborhood. Furthermore, we understand the importance of budgeting and planning. Therefore, we want to provide you with ample time to adjust to the new rental terms. The new rent will come into effect on [effective date]. The first payment subjected to the increased amount will be due on [date] corresponding to your rental cycle. We kindly request your cooperation in promptly adjusting your records and bank auto-payments, if applicable. Regular payment of rent is vital to maintaining a healthy landlord-tenant relationship, and we greatly appreciate your adherence to the rental contract terms. Please note that this increase in rent will be accompanied by a continuation of our commitment to providing you with safe, well-maintained premises and reliable property management services. We highly value you as a tenant and aim to make your rental experience as comfortable and convenient as possible. Should you have any questions or concerns regarding this rental increase, please do not hesitate to reach out to our office. We are more than willing to address any queries and discuss your rental agreement. Once again, we appreciate your tenancy and look forward to continuing our positive landlord-tenant relationship. Thank you for your understanding and prompt attention to this matter. Best regards, [Landlord's Name] [Landlord's Contact Information]