Subject: Important Notice — Rate Increase for Retirement Home Services Dear [Resident's Name], We hope this letter finds you in good health and high spirits. We would like to express our gratitude for choosing our retirement home as your place of residence and for allowing us to care for you during this special time of your life. Our commitment to providing exceptional care remains unwavering, and it is this commitment that drives us to continuously improve our facilities, services, and staff. In order to meet the rising costs associated with maintaining a high standard of care, we regret to inform you that there will be a necessary increase in our rates effective [effective date]. This rate adjustment is essential to continue providing the quality services, programs, and amenities you have come to expect from our retirement home. We have realized an increase in costs across various areas, including utility expenses, medical supplies, staff salaries, and facility maintenance. These factors necessitate an adjustment in our rates to ensure the sustainability and improvement of our retirement home. We understand that this notice may raise concerns, and we want to assure you that we have taken great care in determining the most reasonable and fair increase possible. We value your trust in our services and want to be transparent about the changes taking place. The new rate, detailed below, reflects a careful evaluation of the current market conditions and the quality of services we provide: 1. Standard Room: — Previous MonthlRatherX$— - New Monthly Rate: EX + [Rate Increase] 2. Deluxe Room: — Previous Monthly Rate: E— - New Monthly Rate: EX + [Rate Increase] 3. Luxury Suite: — Previous MonthlRatherX$— - New Monthly Rate: EX + [Rate Increase] We understand that budgeting for these changes may require some adjustments on your part. If you have any concerns or questions regarding the new rates, we are more than happy to schedule a meeting with our financial team, who can provide a detailed breakdown of the reasoning and implementation of this increase. We are committed to maintaining the high level of care and amenities that our valued residents deserve. Your continued satisfaction and well-being remain our top priority as we navigate these necessary changes together. Thank you for your understanding and cooperation during this transition. We appreciate the opportunity to serve you and are confident that the improvements made possible by this rate increase will continuously enhance your quality of life. Should you have any concerns, please do not hesitate to contact our administration office at [phone number] or reply to this letter directly. We are here to address any questions or uncertainties you may have. Once again, thank you for making our retirement home your home. We sincerely value the trust and confidence you place in us to provide the best care possible. Yours sincerely, [Your Name] [Title/Position] [Retirement Home Name] [Contact Information]