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Updated about 2 years ago,
Rent Increase Notification
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?