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Tom Cook
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Missed giving rent increase notice

Tom Cook
Posted

My tenant's one year lease is up for renewal on 2/1/2023.  I just realized I should have given them their lease renewal options on 12/1/2022!  I spaced making a calendar reminder.

I am planning on increasing the rent by $120 (5%) upon renewal.  Can I renew their lease on 2/1/2023 with the stipulation that the new rent amount will take effect on 3/1/2023 (almost 90-day notice)?

Thanks,

Tom

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