Dear {Tenant},
We are pleased to have been able to keep rent prices stable during {pandemic/recession/etc.} and hope that this relieved some of the financial burden for our tenants during these trying times.
Unfortunately, due to rising expenses in the form of {examples}, we must now apply a nominal rent increase.
Your {size/bed and bath} unit rent will increase from {amount} to {amount} effective {month}, when your current lease expires.
Please reach out to me immediately if you do not wish to renew your lease. We appreciate your tenancy.
Sincerely,
{Name}
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Index of letter of apology templates
