Hey, I'm Clint with Rent Like a Pro. In this video, I'm going to go over four easy ways to raise the rent and keep your tenants happy. One, build it into the lease and automate it so it increases by a percentage every time their lease comes up. If they know upfront, they usually don't get unhappy or upset about it. It's when you change things out already in the lease or try to do these difficult negotiations later. But if they sign a lease and you have a three or five or 2% regular increase that happens every year, it should be fine, especially if you've gone over the lease or shown them that upfront to give them a discount. Now, that sounds funny because you think I'm going to raise the rent, but I am going to give them a discount. Because at the end of their lease, there's a month-to-month fee that kicks in. This was all explained to them when they signed their lease. Let's say, for example, it's a fifty bucks a month increase if they decide to go month-to-month. Right, this fee is totally covered in our book. We'll put a link to it below, but I'll give you the basics of it right here. Basically, if they decide to go on a month-to-month, their rent goes up automatically by 50 bucks. So what we do at renewal is we go, "Hey, if you want to go month-to-month, there is an additional fee to that. But if you'll renew right now, we can renew and only increase your rent by twenty bucks. We save you 30 bucks a month if you'll renew this month." You have no idea how many tenants I've had say, "Oh, that's great! Thank you so much!" I raised their...
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Friendly rent increase letter uk Form: What You Should Know
Before giving a rent increase notice, you have to tell your tenants (here called the tenants) and inform them that this notice will be a record of the notice of rent increase (see below for more information). You can also use this notice to tell your landlord (here called the landlord) that it is up to his/her discretion to increase a specific rent payment or not, but you don't have to give any explanation. Here's a sample Rental Increase Notice: Dear {tenant name}, We [the landlord/landlord's name and address] are pleased to inform you that we have decided to increase your rent Rental Increase Notice Template What should you get in the letter to the tenant? In the landlord/landlord's name: you would want to include a copy of the notice for your tenant to see. In case of conflict: you may include either the tenant or landlord address of where you keep the rent books. On the record: in British English tenants have to keep a written record of all rent changes. A rent change notice does not count as an actual rent change. This is very important for UK tenancy law. Note: this is a sample and there may be more to the landlord/landlord's information. We recommend getting professional representation to help you write your rent notice in full. Contact us to know more. . Sample Rent Increase Letters 1. Rent Increase Warning Letter #1 — Landlord/landlord Hello, [name of the tenant] I am forwarding you a notice of my intention to increase your rent by [100 / month]. The change that I will be making is to an amount of money equal to £100 /month. My intention is to pay for this change in full within a period of four weeks (12 on the first Monday of the month). This means that you will receive your increase notice two weeks before the date by which this amount is due to be paid. If you disagree with the amount of the increase then you need to let me know in writing, and we can discuss a solution. If by the 14th day of the following month (i.e. the date on which the rent is due to increase) you feel the rent has in any way gone down, or if you have decided to move out or find a replacement tenant that also agrees with the increase then you can ask for a review.
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