Rental Adjustment Procedure
Streamline and standardize the process for proposing, communicating, and implementing rental rate changes while ensuring regulatory compliance.
This reusable ProcessKit template contains 12 steps and 10 blocks. Adapt it to your team’s policies, responsibilities, and tools.
Template categories
What’s included
Gather Resident Account Details
Confirm Tenancy Agreement Status
- Select current agreement status
Calculate Proposed Rate Adjustment
Compute Revised Rental Fee
Draft Rental Rate Change Notification
Transmit Adjustment Notification to Resident
Solicit Resident Response to Proposal
- Record resident's initial feedback
Evaluate Resident Input
Management Review and Authorization
- Confirm resident information gathered
- Confirm tenancy agreement status verified
- Confirm proposed adjustment percentage determined
- Confirm new rental amount calculated
- Confirm rate change notification drafted
- Confirm notification sent to resident
- Confirm resident feedback collected
- Confirm resident input reviewed