This lease renewal letter gives the tenant an option to renew their lease at the same or slightly increased rent or stay month-to-month at a much higher rent.
It’s a good idea to increase your rent to match the inflation rate but you should also consider market rates and future rent prices.
We increase the rent with 20% for month-to-month leases because we want to discourage them and get compensated for the risk we are taking. Other landlords and property managers increase by 10% to 15%.
Lease Renewal Letter – Free, fillable, instant download, no credit cards, or emails required.
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