Rent Increase Notice Approvals
Build strong tenant relations and maintain compliance by automating the rent increase approval workflows
Why automate?
Landlords and property managers increase rents on a regular basis as per changing market conditions. The funds generated by increasing rents are used to improve property and reduce operational costs. Before increasing the rent of a property, landlords need to carefully consider and adhere to legal requirements by providing advance notice to tenants. To approve rent increase notices, property management teams need to review all the terms before notifying tenants of the new rates.
When rental increase notice approvals are handled manually, property managers find it difficult to maintain compliance with legal notice periods. Inefficient handling of rental increase agreements leads to tenant dissatisfaction, property disputes, or even legal challenges. Positive tenant relations stem from a smooth and compliant approval process. When rent increase notices are issued in advance, tenants get time to arrange funds and the interests of property management companies are met.
Timely and accurate rent increase notice approvals save time for property management teams. Automated workflows enable informed decision making, which ensures that increases in rents are implemented in a timely and compliant manner. Property managers can handle rent increase approvals efficiently, allowing a smooth transition to the new rental rates.
How Cflow Can Help Automate Rent Increase Notice Approvals
Transform & streamline business processes with cloud BPM & workflow automation software.
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