Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago,

User Stats

8
Posts
4
Votes
Randy Babineau
4
Votes |
8
Posts

Rent Increase Notification

Randy Babineau
Posted

I currently own a fourplex which all tenants are on a month to month lease. I purchased the property in January 2022. When I purchased the property, I had the previous landlord increase the rents which were way below market value. In order to not raise the rent too high too quickly, I chose to do a smaller rent increase. I am looking to increase the rent again in the upcoming year. My question is, do I need to provide written notice or can I just send them a new lease in December 2022 with a start date of March 1 2023 with the rent amount increased on that? Does that suffice as a notice? In the state of Vermont, I only need to provide a 60 day notice of rent increase. Should I send the lease and another document highlighting the rent increase as well? 

Loading replies...