Employee Lease Addendum For Rent Increase In Massachusetts

State:
Multi-State
Control #:
US-00038DR
Format:
Word; 
Rich Text
Instant download

Description

An employee lease agreement is an agreement between a company and another party whereby the company agrees to contract out the services of some or all of its employees to the other party on specific terms and conditions.

The employees are actually employed by a third-party leasing company, but do their work for the company that contracts with the leasing company. In addition to relieving companies of the administrative responsibilities of managing a workforce, leasing employees can also save a company money by reducing the cost of benefits and insurance, to name just two areas.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Rents decreased slightly after the beginning of the coronavirus pandemic,this trend reversed in 2021 and as of December 2023, the annual rental growth stood at 3.32 percent. Among the different states in the U.S., Massachusetts ranks as one of the most expensive rental markets.

What a rent increase notice should include The date of the notice. Name and address of the property manager or landlord. Name and address of the tenant. Last day of the current lease. Amount of the increase. Date the increase goes into effect. Timeframe for tenant to accept increase or reject lease renewal.

Usually, unless rent control applies, the only way to contest a rent increase is to argue that the landlord raised the rent to discriminate against you or to retaliate against you for exercising a legal right. If you plan to make this argument, you should know what you need to prove to succeed.

Rent control was repealed in 1994 via ballot initiative. At the time, only Boston, Cambridge, and Brookline had rent control measures in place. Only Cambridge had a full system in place.

A rent increase percentage does not limit Massachusetts landlords. However, they are required to provide written notice at least 30 days before the end of a lease period, and the tenant must sign a completely new lease agreeing to the rent increase.

In Massachusetts, landlords of private, unsubsidized housing can ask for as much rent as they want. They do not have to adjust the rent to an amount you can afford. Your landlord can only raise the rent if they give you proper notice.

AB 1482: Limits annual rent increases to no more than 5% + local CPI or 10% whichever is lower. Provides Just Cause protections to tenants.

What to include in a rent increase letter Date of the rent increase letter. Name and information of the tenant and landlord. Property address and unit number (if applicable). Reference to the expiration date of the existing lease. Current rent amount. Amount of rent increase. Date the rent increase will go into effect.

Ask why they're putting the rent up. Implore them not to. List all of the reasons why you've been a great tenant, explain how much you love living in the flat, that you're in it for the long haul. If they won't agree to keep your rent the same, try to negotiate a less substantial increase.

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Employee Lease Addendum For Rent Increase In Massachusetts