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: San Angelo Texas Letter from Landlord to Tenant: Intent to Increase Rent and Effective Date of Rental Increase Keywords: San Angelo Texas, letter from landlord, tenant, intent to increase rent, effective date, rental increase Introduction: Dear [Tenant's Name], We hope this letter finds you well. We, as your landlords, wanted to take this opportunity to inform you of an upcoming change regarding the rental agreement that will affect the monthly rent for the property you are currently leasing. We understand that any adjustments in rental fees may require careful planning, and we aim to provide you ample notice to ensure a smooth transition. This letter serves to inform you of our intent to increase the rent and the effective date of the rental increase. 1. Standard Rental Increase Letter: In this type of letter, the landlord communicates a general increase in rental fees that will be implemented across their properties. This letter aims to inform the tenants about the upcoming changes, the rationale behind the increase, and the effective date when the new rent will come into effect. 2. Personalized Rental Increase Letter: A personalized letter is sent to individual tenants, discussing the rental increase specific to their leased property. This letter often contains detailed explanations regarding any property-specific factors that contribute to the rent adjustment. Such factors may include recent improvements, maintenance fees, or changes in the property's market value. 3. Notifying Rent Increase Due to Market Trends: This type of letter is usually sent when rental prices in the area or San Angelo, Texas, specifically experience a notable shift. The landlord highlights how market trends are affecting property values and justifies the rental increase accordingly. 4. Rent Increase Notification Post-COVID: Following the unprecedented COVID-19 pandemic, landlords may face unique circumstances that require them to modify rental agreements. This type of letter addresses any adjustments in rent due to changes in the economic landscape following the pandemic, such as increased operational costs or financial constraints on the part of the landlord. 5. Rent Increase Notice for Lease Renewal: In some cases, the landlord may opt to increase the rent as the lease agreement is being renewed. This letter informs the tenant well in advance of their lease expiration date, allowing them to make informed decisions about the renewal or seek alternative options. Conclusion: As your landlords, it is important for us to maintain open communication and ensure a positive relationship with our tenants. We acknowledge that any change to the rental agreement can impact you, and we are available to discuss the reasons and answer any questions you may have regarding the increase in rent. Please feel free to contact us at your convenience. We value your tenancy and appreciate your cooperation and understanding during this process. Best regards, [Landlord's Name] [Landlord's Contact Information]
