If a landlord wishes to increase the rent on a residential property, issuing a Notice of Rent Increase would be in order. With the notice, the landlord can officially notify their tenant of any change in the cost of rent. A Notice of Rent Increase also serves as a legal record in the event that the tenant fails to comply with the new rent.
When a landlord leases their residential property to a tenant, the cost of the rent is agreed upon by both parties and usually recorded in a lease agreement. If the lease agreement allows the landlord freedom in changing the amount of rent due after a period of time, the landlord can issue a Notice of Rent Increase to formally notify the tenant of higher rent going forward (starting from a date specified in the notice).
This is a notice of a future rent increase that effectively enables the tenant to prepare for the higher rent. However, if the original lease agreement explicitly prohibits the landlord from increasing rent, the tenant is under no obligation to pay the higher rate.
A landlord can always use a Notice of Rent Increase to inform a tenant that any lease renewal would come with a higher rent, in which case the notice is usually issued 60 days before a lease agreement is to expire.
Depending on your state, a Notice of Rent Increase may also be known as:
Any landlord who would like to collect a higher rent should use a Notice of Rent Increase to inform tenants of the proposed change. With the notice, a landlord can prove that the rent increase has been communicated to the tenant. A landlord can also use the notice as a formal document in court should a tenant fail to comply with a legal rent increase.
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The landlord should sign the Notice of Rent Increase, as should the individual delivering the notice to the tenant, if different from the landlord. You do not have to get the document notarized.
After printing out a copy, signing it, and arranging to have it delivered to the tenant, the landlord should keep a copy of the notice in their records, preferably together with the original lease agreement.
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