Mecklenburg North Carolina Letter — Notice To Tenants Announcing Rent Increase Dear [Tenant's Name], We hope this letter finds you well. We are reaching out as your trusted and dedicated property managers in Mecklenburg County, North Carolina. At [Property Management Company Name], we understand the significance of keeping you informed about any changes that may affect your tenancy. Therefore, we regret to inform you that we will be implementing a rent increase for your rental unit, effective [date of increase]. Please note that this rent increase has been carefully considered and is necessary due to various factors that impact the overall operation and maintenance costs of the property. The incremental rise is in line with the rising property values, increased property taxes, inflation rates, and other expenses associated with providing quality living conditions. It is crucial to understand that our goal is to continue offering exceptional services, maintaining the property, and ensuring a safe and comfortable living environment for all our tenants. The additional rental income from this increase will allow us to invest in necessary property improvements, security enhancements, and overall maintenance needs. The rent increase for your specific unit will be [state the exact amount or percentage]. We have attached an updated rental agreement outlining the new rental terms, which reflects the revised rent amount. Please take the time to review this document carefully. We understand that any change to your monthly expenses can be challenging, and we want to assure you that we have done our best to keep the increase reasonable and within industry standards. When compared to the current market rates for similar properties in Mecklenburg County, our rental prices still offer a competitive value. We value your tenancy and want to maintain a positive landlord-tenant relationship. If you have any questions or concerns regarding this rent increase, please do not hesitate to contact our office at [property management contact information]. We are here to address any queries you may have and assist you through this transition. Please take note of the following important details: 1. Effective date of the rent increase: [date] 2. Revised monthly rental amount: [new amount] 3. Payment due date for the increased amount: [due date] As stated in our lease agreement, it is essential to remit the increased rent promptly, as any late payments may incur additional fees or have legal consequences in accordance with the terms of the lease. We appreciate your understanding and cooperation during this process. We truly value you as a tenant and look forward to continuing our partnership to ensure your satisfaction and comfort throughout your stay. Best regards, [Your Name] [Property Management Company Name]