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.
This form is completely free. Unfortunately due to the constant spam being submitted, we have to require trial membership registration. You can cancel the membership after downloading the form you need and you will not be charged.
The monthly membership fee is $19 per month, which allows you access to all forms and free Ask an Attorney consultation, any time you need legal advice.
