Subject: Notice of Rent Increase
Dear [Tenant Name(s)],
This letter is to inform you that the monthly rent for your tenancy at [Property Address] will be increasing.
In accordance with the Residential Tenancies Act, and providing you with [Number] days’ notice, your new monthly rent will be $[New Rent Amount]. This increase will take effect on [Effective Date of Increase], and will be due on your next payment date following this date.
Your current monthly rent is $[Current Rent Amount].
We understand that rent increases can be a significant change, and we appreciate your understanding. We are committed to providing you with a comfortable and well-maintained home.
If you have any questions regarding this notice, please do not hesitate to contact us.
Sincerely,