At the end of a fixed term tenancy, your tenant may continue to occupy the property, either through a periodic tenancy or a new fixed term tenancy agreement. At this time, you may wish to increase the monthly rent that your tenant pays. It is very important that your tenant can easily understand and access this information. This tutorial will explain how to create rent increase letters within minutes on Legislate.
The first step is to set the terms of the letter, using the terms tab. Answer a few simple questions regarding the amount by which the rent is increasing, what is included in the rent and when the new rent will take effect from.
Once you have saved the first draft, a preview will be ready to review under the preview tab.
Next, you will need to add the tenants to whom the rent increase letter will be sent.
Your tenant will be sent an email, notifying them that you have invited them to collaborate on Legislate. They can create an account and login to preview the letter and be sure that they understand what the increase in rent is and from when it will start.
Both you and your tenant can use the activity tab to communicate with one another. For example, if your tenant has any questions regarding the letter you have sent them, this is a good place to ask.
You will also be notified by email if any messages are sent through the activity tab, so there is no need to worry about being out of the loop of communication.
Both parties are now able to sign the letter!
Our users prefer Legislate because our templates take the work out contracting. Legislate assists users through all stages of contract management and our users like being able to send readily available letters on the back of their Legislate ASTs. With our address book, letters are quick and easy to serve as the platform auto-saves all information relating to the AST.
You can learn more about Legislate's Rent Increase Letters on our contracts page.
How to create and manage Employment Offer Letters with Legislate.
How to create and manage Non-Disclosure Agreement with Legislate.
How to create and serve section 8 notices with Legislate.
How to create and serve section 21 notices with Legislate.
How to create and manage your letting agent terms of business agreements with Legislate.
How to create and manage your Employment contracts with Legislate.