Lynwood Property Management
How to write a letter to increase the rent?
As it is the leasing season in Lynwood, so it’s time for you to decide if you want to increase the rent. If your tenants are planning to renew the lease, you need to tread lightly when it comes to improving the rent. You want the rental at the fair price of the market, but you also want to retain trustworthy renters. And dependable residents are much better than increasing the rent in Lynwood.
Different states have separate laws for increasing the rent like rules for rent-controlled housing, the maximum limit to increase the rent, the frequency of raising the rent, etc. Generally, the landlords have the authority to increase the rent only when the lease expires and written notice is given before 30 days minimum.
While writing a letter to increase the rent, you must keep it professional and to the point. You can find several templates online on how to write a letter to increase the rent. Money is a sensitive topic, so convey your message with warmth. Remind them that you value them, this will give them a reason to stay. Just like you, great landlords are also important for the tenants. Use the name of the tenant to personalize the letter. Make it clear that you are available to them if they have any queries. Give a brief explanation of why you are increasing the rent and keep the letter concise.