Letter Announcing an Increase in the Monthly Rent

Rent and lease are almost the same. The main difference is that the lease agreements are for the long term while the rent agreements are usually on monthly rent basis. The monthly rent can be increased as per the contract conditions but the lease agreements do not allow an increase in the payment unless another new agreement is signed. In order to increase the monthly rent, a landlord has to write a notification letter first to inform the tenant that the rent has been increased.

 

Letter Announcing an Increase in the Monthly Rent

 

[Your Name]

[Address]

[Letter Date]

 

[Recipient’s Name]

[Address]

 

[Subject: Subject of Letter] -Optional-

Dear [Recipient’s name]

At the time of the agreement, I had agreed to not raise the rent for two years. Two and a half years have passed and I hope you will not mind if a slight increase in the rent is now made. As you know, my living is dependent on the rent money of the farmland that I have rented to you, I am now finding that I need to increase the rent to meet my increased expenses due to health issues. Because the limit of two years has also passed, I am increasing the rent from $1200 to $1400. This is also according to the current rent rates in the market. I hope that you will not have issues to accept this increment. Kindly note that the next rent shall be according to this newly settled rate i.e. $1200. For any discussions, you can come to meet me anytime at my house.

Sincerely,

 

[Your Name]

[Your Title] -Optional-

 

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Letter Announcing an Increase in the Monthly RentLetter Announcing an Increase in the Monthly Rent

Size: 30 KB Word .doc File 2003 & later
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Size: 242 KB PDF File
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[personal use only: Not for Resale & Distribution]

 

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