Subject: Notification of Changes in Lease Renewal Rates
Dear _________ (Name of the Tenant),
I shall be obliged to inform you about changes in the lease renewal rates that will come into effect starting _________ (specific date). Please take note of the following details:
New Rental Rate: The revised monthly rental rate will be _________ (new rate).
Lease Renewal Deadline: Ensure that you submit your intent to renew the lease by _________ (specific date) to lock in the current rate.
Late Renewal Penalty: Late renewals may incur additional charges. Submit your renewal request using the following format:
Renewal Intent Date: _________
Preferred Lease Term: _________ (months)
I shall be obliged if you could adhere to the provided timeline and submit your renewal intent promptly. This ensures a smooth continuation of your tenancy.
If you have any questions or require clarification, feel free to reach out.
Best regards,
_________ (Your Name)
_________ (Your Address)
_________ (Specify Locations)