The Lease Renewal Form With Rent Increase is utilized when a landlord wishes to continue renting to an existing tenant while adjusting the rental rate. This document is essential in the United States real estate market, where proper documentation of lease renewals and rent increases is required for legal compliance and record-keeping. It includes critical information such as the new rental amount, renewal period, and confirmation of continuing terms from the original lease. The form ensures compliance with federal Fair Housing laws, state-specific landlord-tenant regulations, and local rent control ordinances where applicable.
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1. Identification of Parties: Names and contact information of landlord and tenant
2. Property Description: Address and details of the rental property
3. Term of Renewal: New lease period start and end dates
4. New Rental Amount: Updated rent amount and payment terms
5. Continuation of Original Lease Terms: Statement confirming all other lease terms remain in effect
6. Signatures: Execution blocks for all parties
1. Modified Terms: Additional section for any changes to original lease terms besides rent
2. Security Deposit Adjustment: Section detailing changes to security deposit amount if being increased with rent
3. Rent Increase Justification: Required section in rent-controlled jurisdictions explaining the basis for rent increase
1. Rent Increase Notice: Formal notice of rent increase as required by law
2. Original Lease Reference: Copy or reference to original lease agreement
3. Rent Control Calculations: Documentation showing compliance with local rent control laws where applicable
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