Lease Renewal for an inherited tenant

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I inherited a tenant whose lease is up in the middle of the month. The previous lease had a 2% automatic rent escalator. I'm about to approach the tenant with a new lease / terms with the "baked in" escalator rent increase. 

Have you dealt with this before?

• Did you raise the rent as per the existing lease? 
• Did your rent increases accompany any value add / deferred maintenance work?
• Did your new lease differ materially from the previous lease? 

Thanks in advance for the feedback.