[Your Name/Company Name]
[Your Address]
[City, State, Zip Code]
[Date]
[Tenant’s Name]
[Tenant’s Address]
[City, State, Zip Code]
Subject: Notice of Rent Increment
Dear [Tenant’s Name],
I hope this letter finds you well. I would like to take this opportunity to thank you for being a valued tenant at [Property Address]. Your cooperation in adhering to the terms of the rental agreement and maintaining the property is greatly appreciated.
This letter serves as formal notice of a change in the rent for your residence. Due to [state reason(s), such as increased maintenance costs, inflation, or property upgrades], the rent for the property will be revised from ₦[Current Rent Amount] to ₦[New Rent Amount]. The new rental amount will take effect starting [Effective Date].
We understand that changes in rent can be challenging, and this decision was made after careful consideration of current market trends and property management costs.
Should you have any questions or wish to discuss this adjustment further, please do not hesitate to contact me at [Your Phone Number] or via email at [Your Email Address].
Thank you for your understanding and continued tenancy. We value you as a tenant and look forward to maintaining our positive relationship.
Yours sincerely,
[Your Full Name]
[Your Position, if applicable]
[Your Contact Information]
Adequate Notice:
Provide sufficient notice before implementing the rent increase, typically 1–3 months, depending on the terms of the tenancy agreement or local regulations.
Polite Tone:
Keep the tone professional and respectful to maintain a positive landlord-tenant relationship.
Clear Details:
Clearly outline the new rent, effective date, and reasons for the increase to ensure transparency.
Written Acknowledgment:
Request the tenant’s written acknowledgment of the rent adjustment for documentation purposes.
