Rent increase notice and signing new lease
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
Richard F.
#1 Tenant Screening Contributor
#1 Tenant Screening Contributor
- Honolulu, HI
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.
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.