This is a notice provided by the Landlord to Tenant explaining that once the lease term has expired. Tenant has the option of vacating the premises or remaining on the premises provided that they abide by the posted rent increase.
Increase Rent Rate For 2018
State:
Virginia
Control #:
VA-1054LT
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Virginia Letter From Landlord To Tenant About Intent To Increase Rent And Effective Date Of Rental Increase?
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FAQ
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].
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.
How Much Can a Landlord Raise Rent in Pennsylvania? Pennsylvania has no statewide legislation regarding rent control, so you can increase rent as much as you see fit. However, you cannot raise the rent in retaliation because the tenant exercised a legal right or filed a complaint of discrimination.
? Landlords will be allowed to raise rent up to 10% in 2024, the Oregon Department of Administrative Services (DAS) announced Tuesday. The maximum rent increase of 10% matches the highest percentage allowed under a new law signed by Oregon Gov.
The allowable rent increase percentage for the previous year, 2023, was 14.6% if the increase was issued before July 6th, or 10.0% if issued after July 6. For more information on the methodology, calculation, and Consumer Price Index data, see: Maximum Annual Rent Increase, 2024 (Excel file).