Download Free Increase in Rent Notice Forms
For property managers, Increase in Rent Notice forms simplify annual rental increases. In many cases, rate increases cause friction between the property manager and the tenants. Although tenants prefer not to pay more money to rent their home or office, rent increases remain a necessary fact for many rental properties.
Wise property managers do not raise the rent merely to give themselves an income boost. Rent raises cover the rising costs of property taxes and insurance. Additionally, property managers must pay for repairs and maintenance issues that arise from normal wear and tear or tenant abuse to the rental property. Paint walls, replace hardware, repair broken doors, or replace carpeting. Upgrade plumbing, fix electrical problems, repair roof leaks, or replace windows. Install new sidewalks, pay for landscaping maintenance, upgrade the laundry facilities, or install extra lighting in the parking areas.
An Increase In Rent Notice details the increase amount, effective date and new rental amount. In addition, it reaffirms the continuation of all previous rental or lease terms. Property managers bypass expensive attorney fees or a secretarial assistant’s wage by downloading a free Increase in Rent Notice. Sign up for a free account at MyPropertyManager.com to make rental rate increases easier.
Provide tenants with an Increase In Rent Notice at least a 30 days in advance. Follow the state’s guidelines, and abide by the lease details. Provide plenty of time for the tenant to budget for the increase or search for alternative housing. If the rental increase remains competitive with the local housing market, tenants will decide to pay the increase with minimal conflict.
Post an Increase In Rent Notice on the tenant’s door or hand the notice to the tenant. Exercise tact and courtesy when serving a free increase in rent notice. Avoid posting an Increase In Rent Notice during the tenant’s holiday season or after a traumatic event in the tenant’s life.
Tenants require safe and secure properties, and rental rate increases pay for required improvements, maintenance and repairs. Wise property managers use a free Increase In Rent Notice to advise tenants of annual rent increases and to save time and money.