This is a letter to tenants regarding rent increase.
Connecticut Letter - Notice To Tenants Announcing Rent Increase
State:
Multi-State
Control #:
US-1110LT
Format:
Word;
Rich Text
Instant download
Description
How to fill out Letter - Notice To Tenants Announcing Rent Increase?
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FAQ
The increase is to be calculated according to the Retail Price Index, being a minimum of 3% and a maximum of 8%. The Landlord must serve written notice at least two months' prior to the rent increase date.
Can my landlord raise the rent during the coronavirus? It depends. If you and your landlord signed a lease, your landlord cannot raise your rent until the lease ends, unless you agreed otherwise in the lease.
After the end of the 9-month period, or after your lease expires, your rent can only be increased if the increase is "fair and equitable." In addition, your landlord must give you at least 60 days notice of any proposed rent increase.
With regards to notifying my tenants of the rent increase, I send them an email or letter two months before their contract ends, asking if they wish to stay for another year, whilst letting them know what the new rent will be. I also send out their new contract with the increased rent added.
As of today, rent control policies are prohibited in Connecticut; this means that a landlord may charge the tenant any amount of rent that they consider appropriate for their lease.
This inflation rate varies every year between 1% to 4%. The Tenant Protection Act of 2019, also known as AB 1482, permits annual rent increases of 5% plus the CPI per year, up to 10%. This means that the minimum a landlord can increase rent is 5% per year.
What to include in a rent increase letterDate of the rent increase letter.Name and information of the tenant and landlord.Property address and unit number (if applicable).Reference the expiration date of the existing lease.Current rent amount.Amount of rent increase.Date the rent increase will go into effect.More items...
There is no notice requirement for an increase in rent; however, it is considered common practice to provide at least a 30 days' written notice of the increase.
If you don't have a written lease, your landlord can raise the rent at any time. For example, if you are a month-to-month tenant, the landlord can ask you to pay more rent the following month without giving you advance notice.
