Get the free 90 DAY RENT INCREASE FORM REV 715.doc
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60DAYRENTINCREASEFORM 1. TENANT NAME: ADDRESS: # Bed: # Bath: Current Rent: $ Proposed Rent: Eff: Request must be a minimum of 60 days from the 1st of the following month. Example: Requested date
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How to fill out 90 day rent increase
How to fill out 90 day rent increase
01
To fill out a 90 day rent increase, follow these steps:
02
Check your local laws and regulations regarding rent increase. Make sure you are allowed to increase the rent after 90 days.
03
Draft a letter or notice stating the rent increase. Include the current rent amount, the proposed increased rent amount, and the effective date of the increase.
04
Include a clear explanation for the rent increase. This could be due to increased costs in maintenance, taxes, or improvements to the property.
05
Review the terms of the original rental agreement to ensure that the rent increase is not in violation of any clauses or terms.
06
Provide a copy of the written notice to the tenant at least 90 days prior to the effective date of the rent increase.
07
Keep copies of all correspondence and make sure to document the delivery of the notice (such as sending it via certified mail or obtaining a signed acknowledgment of receipt).
08
Allow the tenant an opportunity to ask questions or discuss the rent increase. Be prepared to negotiate if necessary.
09
Once the notice period has passed and the effective date arrives, update the tenant's rental agreement or lease to reflect the new rent amount.
10
Keep proper records of the rent increase and any related documentation for future reference.
Who needs 90 day rent increase?
01
A 90 day rent increase may be needed by landlords or property owners who wish to raise the rent on their rental properties after a specific period of time.
02
It can also be necessary when there are increased costs in maintenance, taxes, or improvements to the property that need to be covered by higher rent payments.
03
However, it is important to check local laws and regulations to ensure that a 90 day rent increase is allowed and follows the proper procedures.
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