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  • Updated: 16 Aug 2024
  • < 1 Min Read

How to Write a Rent Increase Letter [Free Template]

rent increase letter

If you’re planning to raise the rent, it’s important (and legally required) to give your tenants a rent increase letter in advance so they have time to prepare and decide if they want to renew their lease.

Here’s a quick outline of what to include in a rent increase notice, when and how to deliver it, plus a free rent increase letter template.

What is a rent increase letter?

A rent increase letter is a written notice to tenants outlining when and how much their monthly rent will increase. The notice includes a section for the tenant to accept or decline the new rent price.

What to include:

  • Tenant’s name and contact details
  • Rental property address
  • Date the notice is written and when the new rent price takes effect
  • Current rent amount and proposed increase in rent
  • Deadlines to accept or deny a lease renewal
  • Any changes to the security deposit

Download our free rent increase letter template.

When to send:

The notice period for rent increases will depend on your state laws and lease agreement (annual versus month-to-month). Generally, a landlord must provide a written notice of rent increase to tenants 30 to 90 days in advance.

How to deliver:

After you write a rent increase notice, you can deliver it by certified mail, email, or in person. Some state or local laws may specify a certain delivery method. Make sure you can prove the rent increase letter was sent within the required notice period.

Automate rent collection with Baselane

Once your tenant accepts the new rent price, you can easily set up their lease and collect rent payments online with a free Baselane account. Automate invoices, schedule rent reminders, and get payments deposited directly into your Baselane or external bank account.

Saad started his career as a Certified Public Accountant (CPA) working for a top-tier accounting firm. He was responsible for helping audit alternative investment funds. He later worked at a hedge fund where he was responsible for preparing financial statements and implementing new technology. He also ran a successful private tax practice for five years. After completing his MBA at Duke, Saad joined The Boston Consulting Group to do management consulting. At BCG his experience spanned several industries and growth projects across Pharma, Retail, and Technology companies. His passion for democratizing finances led him to Plaid, a fintech, where he worked with large Banks and Financial Institutions to make finances and money easier for all.
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