[Your Name]
[Your Address]
[City, Postcode]
[Date]
[Tenant’s Name]
[Tenant’s Address]
[City, Postcode]
Subject: Notice of Rent Increase
Dear [Tenant’s Name],
I hope this letter finds you well. I am writing to inform you of a forthcoming change in the terms of your tenancy agreement. After careful consideration and in light of the prevailing market conditions, I regret to inform you that we will be implementing a rent increase effective from [date]. This decision has been made to align the rental value of the property with current market rates and to account for the rising costs associated with property maintenance and management.
The new monthly rent for the property will be [amount], which represents a [percentage or fixed amount] increase from the current rent. The revised rent will be payable starting from [date]. Please note that all other terms and conditions of the existing tenancy agreement will remain unchanged.
We understand that a rent increase can be an unwelcome change, but it is necessary to ensure the continued maintenance and improvement of the property. We remain committed to providing you with a comfortable and well-maintained living space and believe that the proposed rent increase is reasonable given the current rental market.
Please take the time to review the new rental amount and confirm your acceptance of the revised terms in writing by [date], which should allow sufficient time for the necessary administrative adjustments. If you have any questions or concerns regarding the rent increase, I encourage you to reach out to us at [your contact information], and we will be more than happy to address them.
We value you as a tenant and appreciate your cooperation in this matter. Thank you for your understanding and prompt attention to this notice. We look forward to your continued tenancy.
Yours sincerely,
[Your Name]
[Your Title/Position]
[Contact Information]
