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General Property Management
Rental Increase Procedure
M
Michael S
started a topic
over 8 years ago
After I send the rental increase notice and the tenants agree by checking the box in my notice, signing it and mailing back to me ---- do I still need to have them sign a brand new lease? I had stated in the rental increase notice their lease term will continue another 12 months and that all other terms and conditions of your lease with still apply. Again, after I received the signed rental increase notice is it recommended to have them resign a full lease agreement? or is the signed rental letter enough to keep the terms of the original lease in tact? Thank you!
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L
Leonard D
said
over 8 years ago
If the lease is up, you might also want to either do a lease renewal or draft another lease. Either way you would want them to sign on for another term, unless you added that in the increase notice. Well, that is how I would handle it.
T
Thomas P
said
over 8 years ago
Do I have to give my Tenant more than 30 days notice for a rent increase?
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