‘Sample Rent Increase Letter’ PDF Quick download link is given at the bottom of this article. You can see the PDF demo, size of the PDF, page numbers, and direct download Free PDF of ‘Sample Rent Increase Letter Template’ using the download button.
Rent Increase Notice PDF Free Download
Rent Increase Notice
As a landlord, it is understandable that you may need to increase your tenants’ rent occasionally.
While you don’t need to explain your reasons for increasing rent, by following a few of the guidelines provided in this article you may be able to reduce any anxiety caused by raising it while remaining compliant with the law.
And, we get it, there are many genuine reasons to increase rent, such as a raise in:
- Insurance premiums
- Maintenance fees
- Homeowner association dues
Landlords do not have the ability to increase a tenant’s rent whenever they feel like it (there are guidelines a landlord must follow to increase rent which helps protect tenants from unreasonable increases) however, if you decide that an increase in rent is in order, then you are required to follow specific landlord-tenant guidelines to administer the rise.
Legal Requirements for Rent Increases
Landlords must often follow explicit legal procedures when increasing a tenant’s rent.
The following is a list of the most important federal and state requirements to follow:
Legally Increase Rent (4 steps)
Step 1 – Decide the New Rent
When deciding the new rent for the tenant it is best to see what the comparables are in the area.
This can be sought online through the following websites:
Simply enter the address and the number (#) of bedrooms and be shown the average monthly rent along with real-time asking rents in the area.
Enter your address and be shown current properties for rent on a map.
Select your area > Apts / housing > and enter your mailing address to be shown pictures and maps of the properties with current monthly rent amounts.
After making a thorough search of your area you can make a justified guess on what the property is worth.
Recommended Tip – When viewing other listings in the area, most landlords believe their property is worth more or better than others even if they are not! Therefore, try to make a well-informed determination of the rental market based on the facts!
Most agreements should include a notice period for amending the agreement.
After finding the required number (#) of days, it is best to check with local laws to ensure it is legal.
Check Your State Notice Period
Make sure that there aren’t any municipal laws that prohibit a landlord from raising the rent by a certain amount.
Otherwise, the only duty of the landlord is to give the tenant the State required notice period before the rent may become into effect.
|State||Required Notice Period||Statute|
|Alaska||30 days||PUB-30 Page 17|
|California||30 days if the rent increase is 10% or less and 90 days if more than 10%.||CIV § 827|
|Delaware||60 days||§ 5107|
|Hawaii||45 days||§ 521-21|
|Idaho||15 days||§ 55-307|
|Indiana||30 days||IC 32-31-5-4|
|Iowa||30 days||§ 562A.13|
|Kansas||As mentioned in the lease||§ 58-2545|
|Maine||45 days||§ 6015|
|Massachusetts||30 days||Consumer Guide to Tenant Rights and Responsibilities|
|Minnesota||Rental Period + 1 day||Landlords and Tenants Rights and Responsibilities|
|Montana||15 days||§ 70-26-109|
|Nebraska||As mentioned in the lease||§ 76-1414|
|Nevada||45 days||NRS 118A.300|
|New Hampshire||30 days||RSA 540:2|
|New Jersey||30 days||Dept. of Community Affairs (Rent Increase Bulletin)|
|New Mexico||30 days||§ 47-8-15|
|North Dakota||30 days||§ 47-16-07|
|Oregon||30 days||§ 90.220|
|Rhode Island||30 days||§ 34-18-16.1|
|South Dakota||30 days||§ 43-32-13|
|Vermont||60 days||§ 4455|
|Washington||30 days||RCW 59.18.140|
|Washington D.C.||30 days||Rent Control Fact Sheet|
|Wisconsin||28 days||§ 704.19|
Write and Send the Form
After the increase in rent and notice period have been determined, it is time to (see instructions).
and send it via certified mail with a return receipt.
This will ensure that the tenant will receive the official notice and when the postal service returns the receipt it is very important to keep it for your records.
Afterward, the tenant will make an informed decision of whether to agree and pay the new rent amount, make a counteroffer, or choose to move out.
To best convince the tenant of the increase, it’s recommended to attach an addendum showing comparables of similar properties.
Especially if the rent hasn’t been changed for a long period or if the property is located in a growing area.
This addendum will help the tenant come to terms with the current situation.
|No. of Pages||2|
|PDF Size||1 MB|
Rent Increase Notice PDF Free Download