Notice of Renewal of Rental Agreement
Date: __________________________ From: ____________________________________________________________
Dear _____________________: We are pleased to announce that the time has come to renew your Rental Agreement for an additional _______ month term. Effective as of ___________________________, your monthly base rent amount will increase by ______________ per month, making the new total monthly base rent amount _________________. Because of this rental increase, it is necessary to increase the security deposit you have on file with us from _______________ to ________________. Please sign this renewal notice below (indicating your acceptance of these terms) and return to us in the envelope provided by ________________________. Sincerely,
Property Manager
P.S. If you do NOT intend on renewing your Rental Agreement, please notify us immediately so that we can make arrangements to make your move as easy as possible. You are required to give _______ days notice if you are not renewing, but the earlier we know, the easier it will be for both parties.
Yes, I will be renewing my Rental Agreement. I understand and accept the terms above, and realize that I may be required to approve additional lease paperwork renewing my Rental Agreement. ________________________________________ Signature ________________________________________ Print Name ___________________ Date