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Accessing legal templates that meet the federal and local laws is a matter of necessity, and the internet offers numerous options to pick from. But what’s the point in wasting time looking for the correctly drafted California Letter Increase Rent Form With Tenants sample on the web if the US Legal Forms online library already has such templates gathered in one place?
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Notice for Rent Increases If the rent increase is less than 10%, landlords must provide notice 30 days before the increase can take effect. If the rent increase is more than 10%, the landlord must provide notice 90 days before it can take effect. (Civ. Code § 827).
AB 1482 is an important California law with the following highlights: It requires a landlord to establish just cause to be able to terminate a tenancy. It sets the limit to annual rent increases to no more than 5 percent plus the local consumer price index or CPI (inflation rate), or 10 percent (whichever is lower).
When writing a rent increase letter, be sure to include: Tenant's name. Property address. Landlord's name and contact info. Date the letter was written. Date the rent increase will take effect. Rent increase amount. Current rental amount. Date the new rent will be due.
Dear [TENANT NAME(S)], As indicated in your lease, your lease at [PROPERTY ADDRESS] will end on [LEASE EXPIRATION DATE ? write in full]. Please note that the monthly rent for the above [PROPERTY ADDRESS] will increase from [OLD RENT AMOUNT] to [NEW RENT AMOUNT] effective [DATE OF NEW LEASE ? write in full].