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: Notice of Rental Increase and Effective Date — Spokane Valley, Washington Dear [Tenant's Name], I hope this letter finds you in good health. We appreciate your tenancy and would like to thank you for choosing our property as your home. We are writing to inform you of a change in the rental terms effective from [effective date of rental increase] as well as an increase in your monthly rent. As you know, the cost of maintaining and managing the property has steadily increased over time. To ensure the continued provision of quality services and upgrades to the property, we have regrettably decided to adjust the rent to reflect these mounting expenses. The new monthly rental amount will be [new rental amount], starting from [effective date of rental increase]. This increase is in line with the current market rates and comparable rental units in the Spokane Valley area. We understand that rental adjustments can often pose an unexpected burden on tenants, and we are committed to making the transition as smooth as possible. We value your tenancy and believe this increase is reasonable considering the amenities and services offered by our property. Please note that this letter serves as a formal notice of the rental increase. We kindly request you to review this information and respond within [a specific deadline, if applicable] is you have any questions or concerns regarding the changes. We are open to discussing the rental increase further if there are extenuating circumstances or specific concerns you would like to address. However, please understand that adjustments to the new rental rate may not always be possible due to various factors such as property maintenance costs, changing market conditions, and financial obligations. We kindly request that you sign and return a copy of this letter to acknowledge receipt and acceptance of the rental increase. Additionally, we remind you to update your records accordingly to ensure a timely and accurate payment of rent as per the revised rental terms. We greatly value your tenancy and are committed to providing a comfortable living environment. Should you have any inquiries or require further clarification regarding the rental increase, please do not hesitate to contact us at [landlord's contact details]. Thank you for your understanding, and we look forward to continuing our positive landlord-tenant relationship. Sincerely, [Your Name] [Your Title] [Landlord's Contact Details] Keywords: Spokane Valley, Washington, rental increase, effective date, letter from landlord, intent to increase rent, market rates, property expenses, tenancy.Subject: Notice of Rental Increase and Effective Date — Spokane Valley, Washington Dear [Tenant's Name], I hope this letter finds you in good health. We appreciate your tenancy and would like to thank you for choosing our property as your home. We are writing to inform you of a change in the rental terms effective from [effective date of rental increase] as well as an increase in your monthly rent. As you know, the cost of maintaining and managing the property has steadily increased over time. To ensure the continued provision of quality services and upgrades to the property, we have regrettably decided to adjust the rent to reflect these mounting expenses. The new monthly rental amount will be [new rental amount], starting from [effective date of rental increase]. This increase is in line with the current market rates and comparable rental units in the Spokane Valley area. We understand that rental adjustments can often pose an unexpected burden on tenants, and we are committed to making the transition as smooth as possible. We value your tenancy and believe this increase is reasonable considering the amenities and services offered by our property. Please note that this letter serves as a formal notice of the rental increase. We kindly request you to review this information and respond within [a specific deadline, if applicable] is you have any questions or concerns regarding the changes. We are open to discussing the rental increase further if there are extenuating circumstances or specific concerns you would like to address. However, please understand that adjustments to the new rental rate may not always be possible due to various factors such as property maintenance costs, changing market conditions, and financial obligations. We kindly request that you sign and return a copy of this letter to acknowledge receipt and acceptance of the rental increase. Additionally, we remind you to update your records accordingly to ensure a timely and accurate payment of rent as per the revised rental terms. We greatly value your tenancy and are committed to providing a comfortable living environment. Should you have any inquiries or require further clarification regarding the rental increase, please do not hesitate to contact us at [landlord's contact details]. Thank you for your understanding, and we look forward to continuing our positive landlord-tenant relationship. Sincerely, [Your Name] [Your Title] [Landlord's Contact Details] Keywords: Spokane Valley, Washington, rental increase, effective date, letter from landlord, intent to increase rent, market rates, property expenses, tenancy.
