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.
Plano Texas Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase [Your Name] [Your Address] [City, State, ZIP] [Date] [Tenant's Name] [Tenant's Address] [City, State, ZIP] Dear [Tenant's Name], RE: NOTICE OF INTENT TO INCREASE RENT AND EFFECTIVE DATE OF RENTAL INCREASE I hope this letter finds you well. I am writing to inform you about an imminent change in your rental agreement terms for the [Property Address]. As per the terms outlined in your lease agreement, Section [X, Paragraph X], the purpose of this communication is to give you at least [30/60/90 days, as specified in the lease] notice about an upcoming rental increase. Effective [Date, typically 30/60/90 days from the date of the letter], your monthly rent will be increased to [New Rental Amount]. The decision to increase the rent has been made considering various factors, including rising property taxes, increased maintenance costs, and general economic inflation in the area. We have diligently assessed and reviewed the current market conditions and ensured that the proposed rental increase is competitive and fair compared to similar properties available in the Plano area. It is essential to note that by agreeing to this increase, you acknowledge your continued commitment to maintaining the property in a satisfactory condition and complying with the terms and conditions of the lease agreement. If you have any questions or concerns regarding this rent increase, please do not hesitate to reach out to us at [Contact Information]. We understand that any change in financial obligations may require adjustments, and we are open to discussing any reasonable concerns. To ensure transparency, we strongly encourage you to familiarize yourself with the Plano Texas Landlord-Tenant Laws regarding rental increase notifications. This will provide you with a comprehensive understanding of your rights and responsibilities as a tenant. Please acknowledge this notice within [X] days to confirm your acceptance of the rental increase or to initiate a discussion if you have any concerns regarding the proposed amount. Failure to communicate your acceptance or concerns within this timeframe will be considered as acceptance of the rental increase as stated in this letter. We value your tenancy and appreciate your cooperation in this matter. Thank you for being a responsible tenant. We strive to provide you with a comfortable living experience and look forward to maintaining a positive landlord-tenant relationship. Sincerely, [Your Name] [Your Title/Position] [Contact Information] Variations of Plano Texas Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase: 1. Plano Texas Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase — 30-Day Notice 2. Plano Texas Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase — 60-Day Notice 3. Plano Texas Letter from Landlord to Tenant about Intent to Increase Rent and Effective Date of Rental Increase — 90-Day Notice These variations may have slight differences in the notice period given to the tenant before the rental increase takes effect, as specified in the lease agreement or based on local regulations.
