How to update rental agreements for long term tenants?

[Jing Tagle]

I have 2 part question. First question is about old rental agreements.  I have several tenants that have been renters for over 10 years.  They're all on month-to-month and their rental agreement is somewhat outdated.  How do I update it or can I just have them sign a brand new one? Second question is about last months deposit increases.  If I increase rent every year, do I need to also increase the last month deposit or can I collect the difference during the last month before they move?

[Deanna McCormick]

Send out a resident contact sheet with your new month to month lease, so all their personal information is current, phone, email, car license plates.. emergency contact for them. 

I'd keep the deposit the same,, and any rent increases would be subject to proper notice with the renewal, new lease.. state landlord laws apply for notices of increase, Anytime you do a rent increase I would do write up new lease per those terms.