No landlord enjoys writing rent increase letters, as you don’t want to risk isolating loyal tenants or risk offending anyone who receives a letter. However, increasing your rent to better align with market rates and cover your costs is important to ensure that you make income from your investments. How can you master writing rent increase letters?
When your tenant signs a lease agreement in Colorado, they are promising to occupy the property and pay rent for a certain period of time. However, sometimes unexpected events arise and they might need to break a lease. Whether it’s the loss of a job, the transfer of a job to another state, the purchase of a home or even a death in the family, what do landlords need to know about tenants who want to break a lease early?