This is a letter to tenants regarding rent increase.
Wyoming Letter - Notice To Tenants Announcing Rent Increase
State:
Multi-State
Control #:
US-1110LT
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
In Wyoming, whenever rent is exchanged for inhabiting a property, then a rental agreement exists and carries rights and responsibilities. Under Wyoming law, (Wyoming Statutes Tit. 1 Ch. 21 Article 12) renters have the right to a habitable dwelling and the right to not be discriminated against in housing opportunities.
Wyoming Rent RulesState law regulates several rent-related issues, including how far overdue rent must be (three days in Wyoming) before a landlord can file for eviction. For details, see Wyoming Termination for Nonpayment of Rent and Other Rent Rules.
Your landlord normally has to give you at least 4 weeks' notice in writing before a rent increase.
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...
When Can a Landlord Increase Rent? A Wyoming landlord must abide by the written rental agreement. However, a landlord may increase rent at any time on a month-to-month tenant.
Your landlord can't increase your rent during your fixed term unless you agree or your agreement allows it. If your agreement says your rent can be increased it has to say when and how it will be done. This is known as having a 'rent review clause'.
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.
