Rent Increase Form

[Esther Thomas]

Hi Everyone,

I think it's about time I increase rent on my tenants, haven't done it forever. I'd like to leverage a standard rent increase form, if there is such a standard form out there. Where is the best place to get one? (yes google comes up with a ton, but is there one in particular that you like to use?) Thank you!

[Colleen F.]

There is another thread on this but here is something I just wrote up and modified as I know the tenant will be leaving so I added a check box so I get written notice.

Thank you for being a tenant here at x. Our goal is always to provide a nice place to live, at a fair price. Whenever the prospect of raising rent comes up at any property, we take a good hard look at it, to make sure it’s necessary. In that light, we have decided it is necessary to raise the rent on your unit, effective Apr 1, 2014 to $900.00 from $850.00 This is to partly to offset the increasing cost of property taxes, insurance, high heating oil, maintenance costs and upgrades since our purchase of the building in x.

Even after this increase, we believe we are still at or below the average market rent for a unit of this type. Rather then pay an increase you may choose other housing. Should you intend to vacate at the termination of your lease, the original lease agreement states that you have to provide 30 days written notice of your intent to move. If you choose, signing this form checking off that you will not renew and returning the form to us 30 days in advance of your expected renewal will be considered your written notice.