Increase Rent Notice

Date: February 22, 2050

[YOUR COMPANY NAME]

[YOUR COMPANY ADDRESS]

[YOUR COMPANY EMAIL]

[YOUR COMPANY NUMBER]

Dear [RECIPIENT'S NAME],

We at [YOUR COMPANY NAME] value our tenants. It is our topmost priority to ensure you have a comfortable living experience. This letter serves as a formal notice announcing an upcoming increase in your rent due to the escalating operational costs associated with property maintenance.

Effective from [DATE], your current monthly rent of $800 will undergo an increase of 5%. Thus, your monthly rent will be $840. This increase is a necessary step to accommodate the rising costs of maintenance and overall property management. Please be assured that we have refrained from making this decision for as long as possible and this increase is minimal compared to the standard market rates.

The change in your rent will be reflected in your rental agreement via an addendum. If you have any queries regarding this increase or if you wish to discuss this in further detail, kindly reach out to us at [YOUR COMPANY EMAIL] or visit our office during business hours, Monday to Friday, 9 AM to 5 PM.

We hope you understand our position in this matter. We continue to strive to provide you with the best residential facilities possible, and we deeply appreciate your understanding and your continued stay at Harmony Properties.

Thank you for your attention to this matter.

Sincerely,

[YOUR NAME]