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Updated over 2 years ago on . Most recent reply

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Linda Thomas
  • Rental Property Investor
  • Allentown PA
36
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159
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Rent increase notice and signing new lease

Linda Thomas
  • Rental Property Investor
  • Allentown PA
Posted

Hello!


Looking for advice on sending rent increase notice and signing new lease. 

Lease expires 1/31/23 and i am sending a notice to increase rent this weekend (60 day notice) i would also like them to sign a new lease as they have been with me for 12 yrs and my lease has changed drastically (higher late fees, increase yearly etc) since then as they have never signed a renewal. 

Should i send the new lease along with the rent increase for them to review or wait till mid Jan if they do decide to stay. If i send it with the renewal would i jus have them get it back to me by 1/31 and date 2/1??

Thks

Most Popular Reply

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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
1,584
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Richard F.#1 Tenant Screening Contributor
  • Property Manager
  • Honolulu, HI
Replied
Aloha,

You should certainly send them a copy of the new agreement with ample time to review, sign, and return. You might consider including a "plain English" summary of the changes also. I would give them a deadline of 1/15 (or earlier) to return it to you, so you are fully aware of their intentions.

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