Maine Letter from Landlord to Tenant about Intent to increase rent and effective date of rental increase
What this document covers
This form is a Letter from Landlord to Tenant about Intent to increase rent, informing the tenant of a forthcoming rent increase after the lease term expires. It serves as an official notice, giving the tenant the option to either vacate the premises or continue renting at the new rate. This letter distinguishes itself from other rental agreements by specifically addressing rent changes and tenant options upon lease expiration.
What’s included in this form
- Details of the existing Residential Lease Agreement, including the original lease date.
- The address of the leased premises.
- The expiration date of the current lease.
- Options available to the tenant regarding the lease renewal or moving out notice.
- Contact information for the landlord or authorized agent.
Situations where this form applies
This form should be used by landlords when they intend to increase the rent after the current lease term ends. It is appropriate to issue this notice at least 30 days before the lease expiration to comply with typical notice requirements. It allows tenants to prepare for a potential change in their rental agreement or to decide if they wish to vacate the property.
Intended users of this form
- Landlords seeking to notify tenants about changes in rental rates.
- Property managers acting on behalf of the landlord regarding lease agreements.
- Tenants wishing to understand their rights and options in response to a rental increase notice.
Steps to complete this form
- Identify the parties involved by entering the landlord's and tenant's names.
- Specify the property address being leased.
- Include the original lease date and expiration date for clarity.
- Clearly state the new rental amount and the effective date of the increase.
- Provide your contact information and sign as the landlord or authorized agent.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Typical mistakes to avoid
- Failing to provide the required notice period before the lease expiration.
- Not specifying the new rent amount clearly.
- Omitting the tenant's name or property address.
- Not signing the letter, which could make it less formal.
Benefits of using this form online
- Convenient downloading and editing options to tailor the form to specific needs.
- Access to templates drafted by licensed attorneys to ensure legality and compliance.
- Instant availability that allows landlords to manage responsibilities efficiently.
Legal use & context
- The letter serves as an official record of the landlord's intent to raise rent.
- Properly issuing this notice can help prevent disputes regarding rent increases.
- Understanding state laws regarding rental increases can affect enforceability.
Key takeaways
- This letter communicates a landlord's intent to increase rent after a lease expires.
- It outlines tenant options for renewal or vacating the premises.
- Be aware of specific state laws regarding rental increase notifications.
Form popularity
FAQ
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.
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.
A typical rent increase is around 3-5% annually.
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)
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.
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.
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.
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.
