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.
Title: Lewisville Texas Letter from Landlord to Tenant: Intent to Increase Rent and Effective Date of Rental Increase Content: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Subject: Intent to Increase Rent and Effective Date of Rental Increase Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you of my intention to increase the monthly rental amount for the property you currently occupy located at [Property Address]. This change aligns with the current local market conditions and the costs associated with maintaining and managing the property. First, let me assure you that we value you as a tenant and appreciate your continued tenancy. We understand that any increase in housing expenses affects your budget, and we have carefully considered the necessary adjustments to strike a balance between maintaining affordability and ensuring the property remains sustainable. Effective [Effective Date], the monthly rent for the aforementioned property will be increased to [New Monthly Rent Amount]. Please note that this increase complies with local regulations and is within the limits allowed by the Lewisville, Texas rent control guidelines. The following factors have influenced our decision to raise the rent: 1. Market Evaluation: We have conducted a comprehensive assessment of similar rental properties in the area, taking into account variables such as location, amenities, size, and overall condition. By comparing these properties, we have determined that the proposed rent increase places us in line with the current market rates. 2. Rising Maintenance and Operational Costs: Over time, the expenses associated with property maintenance, repairs, property taxes, insurance, and property management fees have increased. In order to continue providing a well-managed and comfortable living environment, it is necessary for us to adjust the rent accordingly. 3. Investments in Property Enhancements: We have made certain significant upgrades and enhancements to the property, aimed at improving your living experience. These investments include [List major upgrades], which have the potential to increase the property's overall value and appeal. We understand the importance of clear communication and strive to maintain a positive landlord-tenant relationship. If you have any questions or concerns regarding the rental increase, please do not hesitate to contact us at [Phone Number] or [Email Address]. We are open to discussing this matter further and addressing any queries you may have. We kindly request your acknowledgement of this rent increase by signing and returning the enclosed copy of this letter. You may also indicate your acceptance by responding to this letter within [Number of Days stipulated by local rental regulations], ensuring that all communications are in writing as per our rental agreement. We genuinely appreciate your ongoing tenancy and adherence to the terms of our lease agreement. Your cooperation is highly valued, and we look forward to continuing our positive landlord-tenant relationship. Thank you for your attention to this matter. Sincerely, [Your Name] Enclosure: Copy of the letter to be signed and returned Note: The content provided should be used as a general template. Local regulations, lease agreements, and specific circumstances may require you to tailor the letter to suit your needs. Consulting legal advice is recommended to ensure compliance with relevant laws and regulations.Title: Lewisville Texas Letter from Landlord to Tenant: Intent to Increase Rent and Effective Date of Rental Increase Content: [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Subject: Intent to Increase Rent and Effective Date of Rental Increase Dear [Tenant's Name], I hope this letter finds you well. I am writing to inform you of my intention to increase the monthly rental amount for the property you currently occupy located at [Property Address]. This change aligns with the current local market conditions and the costs associated with maintaining and managing the property. First, let me assure you that we value you as a tenant and appreciate your continued tenancy. We understand that any increase in housing expenses affects your budget, and we have carefully considered the necessary adjustments to strike a balance between maintaining affordability and ensuring the property remains sustainable. Effective [Effective Date], the monthly rent for the aforementioned property will be increased to [New Monthly Rent Amount]. Please note that this increase complies with local regulations and is within the limits allowed by the Lewisville, Texas rent control guidelines. The following factors have influenced our decision to raise the rent: 1. Market Evaluation: We have conducted a comprehensive assessment of similar rental properties in the area, taking into account variables such as location, amenities, size, and overall condition. By comparing these properties, we have determined that the proposed rent increase places us in line with the current market rates. 2. Rising Maintenance and Operational Costs: Over time, the expenses associated with property maintenance, repairs, property taxes, insurance, and property management fees have increased. In order to continue providing a well-managed and comfortable living environment, it is necessary for us to adjust the rent accordingly. 3. Investments in Property Enhancements: We have made certain significant upgrades and enhancements to the property, aimed at improving your living experience. These investments include [List major upgrades], which have the potential to increase the property's overall value and appeal. We understand the importance of clear communication and strive to maintain a positive landlord-tenant relationship. If you have any questions or concerns regarding the rental increase, please do not hesitate to contact us at [Phone Number] or [Email Address]. We are open to discussing this matter further and addressing any queries you may have. We kindly request your acknowledgement of this rent increase by signing and returning the enclosed copy of this letter. You may also indicate your acceptance by responding to this letter within [Number of Days stipulated by local rental regulations], ensuring that all communications are in writing as per our rental agreement. We genuinely appreciate your ongoing tenancy and adherence to the terms of our lease agreement. Your cooperation is highly valued, and we look forward to continuing our positive landlord-tenant relationship. Thank you for your attention to this matter. Sincerely, [Your Name] Enclosure: Copy of the letter to be signed and returned Note: The content provided should be used as a general template. Local regulations, lease agreements, and specific circumstances may require you to tailor the letter to suit your needs. Consulting legal advice is recommended to ensure compliance with relevant laws and regulations.
