Re: Increase in monthly Lease payments (provide details of premises)
Kindly use this letter as official notice of an increase in the monthly Lease payment on the premises described at caption from (provide previous amount) to (provide increased amount).
You will see that this increase is standard annual percent increase provided in the signed Lease Agreement. We are mindful of the ongoing recessive conditions and the increase in the cost of living; but based on the non/partial increase last year, we have no choice at this time but to be guided by the maximum amount (%) allowed for under the arrangement. We trust that you understand our position.
For our records, we ask that you sign below acknowledging and agreeing to the above and look forward to reveiving your check for the increased amount on the due date.
Signed and Agreed on ___________ BY ______________