A landlord should send a lease escalation notice to a tenant to ensure legal compliance, clear communication, and proper documentation of rent increases. This notice helps maintain a positive relationship by giving the tenant timely information and meeting contractual obligations. It also supports the landlord’s financial planning by implementing rent changes as scheduled.
Remember to always verify your lease agreement or consult with your attorney before using any templates or letters.
Below are two sample letters. A confirmed and unconfirmed letter.
Use for when the lease escalation has been confirmed. This means the tenant has agreed to pay a particular amount for every increase stated in the lease agreement.
This is used when the lease escalation is unconfirmed. This means the lease escalation amount has not been determined at the signing of the lease agreement. These types of lease increases are usually driven by external factors such as the Consumer Price Index or the tenant’s revenue or sales performance.
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