60 Days Notice For Rent Increase
Description
How to fill out Virginia 60 Day Notice To Terminate Year-to-Year Lease - Residential From Tenant To Landlord?
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FAQ
You must give the tenant the Notice of Rent Increase at least 90 days before the date you will increase the tenant's rent. machine in their home, send it by courier, or ? send it by mail. You cannot give the tenant this notice by posting it on the door of the tenant's rental unit.
Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease. The termination date cannot be before the last day of the fixed term. If you don't give notice, the tenancy continues.
Basically, if your tenant hasn't given you an N9 or given you notice in writing that they want to end their tenancy, then use the N11 to keep everything kosher. This form should also be used for any 'cash for keys' type situation to ensure that the tenant has legally bound themselves to leaving the unit.
The rent increase guideline for 2023 is 2.5%. If you would like to discuss increasing your market rents or if you need assistance applying the guideline, please contact your Program Coordinator.
You need to give notice even if you are planning to leave on the end date in your agreement. If you don't, the tenancy continues. Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease.