Types of Lease Notices for Tenants
Contracts and agreements cover most eventualities for tenants using properties. The property is an expensive asset and needs to be protected by insurances, contracts and agreements. The landlord is risking their property, which could well be their investment for their retirement or a valuable asset to pass down to the next generation. It is a big thing to risk!
Every landlord understands the need of establishing ground rules for renters in order to maintain a positive landlord-tenant relationship and a good renting transaction. Whenever possible and professional, these regulations are documented in a lease or rental agreement. These agreements protect both parties and provide legal redress if any of the regulations stated in the contract are infringed. As a result, this opens the door for lease, which is a sort of agreement that both parties will sign and agree terms for.
If any person wishes to terminate the relationship, they must inform the other through a notice. In addition, if the landlord has an issue with a renter or needs them to vacate for a lawful reason, landlords must notify them in writing prior to pursuing legal action. This is known as giving notice. A Notice is a written warning that you will file a legal action if they do not leave or address an issue by a certain date or time.
Consequently, there are various types of lease notices for tenants and we will discuss them briefly here:
Types of Lease Notices for Tenants
- Rent Due Notice – this is simply a notice in advance to the tenant that they must prepare in advance or instantly settle an outstanding rent balance.
- Property Repair Notice – if there are any problems in the exterior and interior of the houses which the tenant was responsible for breaking, the landlord can send them a repair notice. Moreover, this can also be a letter to inform the renters that the landlord will be conducting repair and maintenance in the property hence, the renters can prepare in advance to relocate their things.
- Rent Increase – This notice includes the percentage of the rise, the increased rent cost, and the launch date. It can sometimes include the reasons why, and mitigating evidence for the rise. However, in the United Kingdom, your landlord may only raise the rent on a fixed-term tenancy (one that lasts for a specified time) if you consent. If you do not approve, the rental may only be adjusted at the end of the agreed term.
