[ OLD ] 45 Day Rent Increase Newsletter, 03/01/2021 Release |
> TO RENT INCREASE
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| lvl_evictions_-_45-day_rent_increase_nv_notice_process.pdf |
45-Day Rent Increase notice
This is when a the Landlord wants to increase the Rent to the fair market value for rent, based upon similar properties with the same rooms, square footage, etc. This means that the notice is served. Landlord waits and collects old rent amount within the 45 calendar days, then the NEW Rent amount takes effect. Tenant has the opportunity to move out or pay the NEW Rent amount at the next scheduled rent due date.
This is when a the Landlord wants to increase the Rent to the fair market value for rent, based upon similar properties with the same rooms, square footage, etc. This means that the notice is served. Landlord waits and collects old rent amount within the 45 calendar days, then the NEW Rent amount takes effect. Tenant has the opportunity to move out or pay the NEW Rent amount at the next scheduled rent due date.
