This is a sample letter from a Landlord to the Tenant. This letter serves as Notice to the Tenant that the Landlord intends to increase the rent and gives the effective date of said rent increase.
Indiana Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase
State:
Indiana
Control #:
IN-1054LT
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Indiana Letter From Landlord To Tenant About Intent To Increase Rent And Effective Date Of Rental Increase?
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FAQ
The 45-day letter rule in Indiana requires landlords to notify tenants of any rent increase at least 45 days before the new rent takes effect. This notification should be delivered via the Indiana Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase. Timely communication can help maintain a good landlord-tenant relationship and provide tenants with the opportunity to adjust their budgets accordingly. Utilizing services like USLegalForms can simplify drafting this letter to ensure compliance with Indiana rental laws.
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.
The name of your tenant. The date. The property address. The lease expiration date. The date the rent increase will take effect. The amount of the increase. The current rental amount. Date the new rent will be due.
The full names of both landlord and tenant. The type of property you are leasing. The location of the property. The type of tenancy (fixed term or periodic) Details about the rent (current rent vs. new rent and effective dates) Details about the lease (start date and signing date)
Names and addresses of the tenant and the landlord. Signatures of the tenant and the landlord. Monthly rental amount. Security deposit. Maintenance charges. Period of stay. Responsibilities/rights of the landlord. Responsibilities/rights of the tenant.
Name the parties. A simple rental agreement form needs to name the parties signing the lease and where they live. Describe the premises. Define the term of the lease. Set how much rent is owed. Assign a security deposit amount. Finalize the lease.
A typical rent increase is around 3-5% annually.
Remember you're a business. Do your research. Raise the rent all at once or incrementally. Don't negotiate or ask tenants what they think a fair rent increase would be. Be courteous and firm. Find a template you like. Send a formal letter by certified mail. Give the tenant notice.
Tenant's name. Property address. Landlord name and contact information. Date the letter is written. Date the rent increase will take effect. Amount of rent increase. Current cost of rent.