60 day notice of rent increase Form 2024

60 day notice of rent increase Form: What You Should Know

It should be completed by the property manager or owner's representative if the increase is for more than 10%. If the owner seeks an annual rent increase, the applicant must submit an affidavit (form LSM-2). To complete the form, see  forms LSM-1 & LSM-2. NOTE: In some cases, the Board may impose certain requirements, such as completing the form online. 60-DAY NOTICE OF CHANGE IN RENT-Second Tuesday 1. Identify the property where the notice was given to the tenant, and the type of property. 2. On a separate piece of paper (do not write your name on) place on the property, the words 60 DAY NOTICE OF CHANGE IN RENT and include the name with the name of the property that you served the notice on. Be sure to write the correct name and address. 3. The rent in your rented property shall be increased by 10% (or 1% for a month without rent increases) on or before : a) the first day of the month that is twelve (12) months after the date you received the tenant's original request for rent increase, OR b) on or before the last day of the month before that twelve (12) month date if the tenant's original request for rent increase was in writing (form A) and you did not receive a receipt for the original request for rent increase. 4. For a rental property that is rented as a residence, you must serve the notice one month in advance of the increase. For a rental property that is rented as a room in a boarding house, the first day you are  to serve the notice is the last day of the rent period applicable to the property.  5. The notice of increase must be in writing and must be signed by you or your authorized agent. The tenant may require you or your authorized agent, at the tenant's option, to sign the notice of increase. If the tenant has elected to have you sign the notice, the tenant must notify the landlord by certified mail of the signature of the authorized agent. The landlord must send the notice to the tenant at the address listed on the rental agreement. A landlord will not be able to serve the notice if it is returned to it because there is no attendance at the property. 6.

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