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: Important Notice: Intent to Increase Rent and Effective Date of Rental Increase — Fairfax, Virginia Dear [Tenant's Name], I hope this letter finds you well. First and foremost, I would like to express my appreciation for your tenancy and the excellent manner in which you have maintained the property at [rental property address] in Fairfax, Virginia. It is with a heavy heart, under current economic circumstances and market conditions, that I must notify you of an upcoming revision to the rental agreement. I regret to inform you that, after careful consideration, it has become necessary to implement a rent adjustment, which will take effect on [effective date, generally 30 to 60 days from the date of this letter]. This adjustment is aimed at ensuring the continued quality of services and upkeep of the property. The revised rental amount is detailed below: 1. Standard Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This adjustment aims to align the rental rates with the fair market value of similar properties in Fairfax, Virginia. It also considers factors such as maintenance costs, property taxes, inflation, and general economic conditions. 2. Maintenance Enhancement and Amenities Upgrade Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This particular rent adjustment has been implemented to cover the costs associated with the installation or upgrade of new amenities or the enhancement of existing property features to provide you with an improved living experience. 3. Capital Improvement Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This rental adjustment is due to major capital improvements made to the property, such as roof replacement, HVAC system upgrades, or any other significant renovations aimed at improving the longevity and value of the rental unit. Please be aware that the new rental amount specified above will be payable monthly, with the same terms and conditions stipulated in your original lease agreement. Furthermore, we would like to confirm that no other changes will be made to the lease terms or duration. We understand that this increase may present challenges, but we remain committed to maintaining an open line of communication. If you have any questions or concerns regarding this rental adjustment, please do not hesitate to reach out to us. We are more than willing to discuss the situation and explore possible arrangements. As always, please remember that your satisfaction and comfort are of utmost importance to us, and we hope to serve you better in the coming years. We appreciate your understanding and cooperation. Thank you for your attention to this matter. Sincerely, [Landlord's Name] [Landlord's Contact Information]Subject: Important Notice: Intent to Increase Rent and Effective Date of Rental Increase — Fairfax, Virginia Dear [Tenant's Name], I hope this letter finds you well. First and foremost, I would like to express my appreciation for your tenancy and the excellent manner in which you have maintained the property at [rental property address] in Fairfax, Virginia. It is with a heavy heart, under current economic circumstances and market conditions, that I must notify you of an upcoming revision to the rental agreement. I regret to inform you that, after careful consideration, it has become necessary to implement a rent adjustment, which will take effect on [effective date, generally 30 to 60 days from the date of this letter]. This adjustment is aimed at ensuring the continued quality of services and upkeep of the property. The revised rental amount is detailed below: 1. Standard Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This adjustment aims to align the rental rates with the fair market value of similar properties in Fairfax, Virginia. It also considers factors such as maintenance costs, property taxes, inflation, and general economic conditions. 2. Maintenance Enhancement and Amenities Upgrade Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This particular rent adjustment has been implemented to cover the costs associated with the installation or upgrade of new amenities or the enhancement of existing property features to provide you with an improved living experience. 3. Capital Improvement Rental Increase: — Previous Monthly Rent Amount: [current rent] — New Monthly Rent Amount: [revised rent] — Effective Date: [effective date] Note: This rental adjustment is due to major capital improvements made to the property, such as roof replacement, HVAC system upgrades, or any other significant renovations aimed at improving the longevity and value of the rental unit. Please be aware that the new rental amount specified above will be payable monthly, with the same terms and conditions stipulated in your original lease agreement. Furthermore, we would like to confirm that no other changes will be made to the lease terms or duration. We understand that this increase may present challenges, but we remain committed to maintaining an open line of communication. If you have any questions or concerns regarding this rental adjustment, please do not hesitate to reach out to us. We are more than willing to discuss the situation and explore possible arrangements. As always, please remember that your satisfaction and comfort are of utmost importance to us, and we hope to serve you better in the coming years. We appreciate your understanding and cooperation. Thank you for your attention to this matter. Sincerely, [Landlord's Name] [Landlord's Contact Information]
