When raising rent on a month-to-month tenant, what document do I need to use?

[Kelsey P.]

I have month-to-month tenants and I need to raise the rent. I understand how much notice I need to give them yet I did not know what document I need to use to make this change reflected in the lease since this is not a lease extension. Do I use the "Residential Lease Amendment" to note the increase in rent? Thanks

[Rob Schou]

That's what I would use in MD, BUT not sure if there are specific requirements in Oklahoma City. Hopefully someone from that area will chime in or reach out to the real estate agent that helped you purchase the property for their input/advice

[John C.]

@Kelsey P.

Check with your state, you should be able to find what the requirements are for any changes in the lease.

30 day notice to vacate is typical for a 30 day lease.

I would write up a new lease, give it to your tenant to review and ask them to sign or vacate at the end of the current lease.

I wouldn't want any old leases tied to a new lease with an addendum.

Start fresh with new numbers and requirements.

[Kelsey P.]

@John C. Never thought about having them sign a completely new lease. Thanks for the suggestion. 

[Kelsey P.]

@Rob Schou thanks for the input - I don't think we have a specific requirement other than a 30 day notice. Thanks! 

[Patrick Fanning]

@Kelsey P. I just have my M2M tenants sign a new lease with the new rent increase.

[Rhett Tullis]

we always have them sign a new lease (always changing terms in our leases) just make it a mtm lease and you are good.  issue will be if they will not sign it.