Lease Renewal With Rent Increase Template

Notice to Tenant

This document serves as an official communication regarding the upcoming terms of your current rental agreement, including adjustments to the monthly rent. It is provided for informational purposes only and does not replace or substitute legal advice. Tenants are encouraged to review local laws and consult with a legal professional if needed to understand the implications of the proposed changes. The information herein is provided as a general guideline and may require modification to comply with specific jurisdictional requirements. We disclaim any liability for errors or misinterpretations resulting from the use of this template without professional review.

This sample document demonstrates a lease renewal with a rent increase. Actual terms may vary; customize accordingly for your specific situation.

Lease Renewal with Rent Increase Sample

Parties:

Landlord: Michael Johnson
Address: 789 Pine Street, Springfield, IL 62704

Tenant: Emily Davis
Address: 101 Maple Avenue, Springfield, IL 62704

Property Description:

This lease renewal pertains to the residential property located at 789 Pine Street, Springfield, IL 62704, including any attached fixtures and appliances.

Renewal Term and Rent:

The lease shall be renewed commencing on ______________________ and ending on ______________________. The new monthly rent shall be $1,350, reflecting an increase from the previous rate, payable on the first day of each month by check, electronic transfer, or other agreed method.

Security Deposit:

The security deposit remains at $1,350, to be held in accordance with applicable laws and refundable at the end of the lease term, subject to lawful deductions.

Parties’ Obligations:

The landlord agrees to maintain the property in habitable condition and comply with relevant housing codes. The tenant agrees to continue using the premises for residential purposes, maintain the property in good condition, and notify the landlord promptly of any repairs needed.

Governing Law:

This renewal agreement shall be governed by the laws of the State of Illinois. Disputes shall be resolved in the courts located in Sangamon County.

Additional Terms:

• Tenant shall not sublease or assign the premises without prior written consent from the landlord.
• Landlord may enter the premises for inspections, repairs, or emergencies with reasonable notice, as required by law.
• Any modifications must be agreed to in writing and signed by both parties.

Springfield, ______________________