Letter from Landlord to Tenant Unilaterally Increasing Rent

From
Your Name
Address
Date

To
Tenant Name
Address
(Date)

Dear (Name),

I take this opportunity of notifying you that with effect from ____________ (Date). The monthly rent for the premises occupied by you at ____________ (Address) will stand revised upward from ____________ (Amount) to ____________ (Amount). I am sorry that I had to take a unilateral decision in asking for the raise, but you will appreciate that the phenomenal increase in the cost of building material, taxes etc. has left little scope for me to make do with whatever I have been getting from you so far. I hope you will bear with me the additional rent because there is no choice.

In case our have objection to the raise, please choose for yourself a new house and vacate my premises ____________ (Date).

Yours faithfully,
(Landlord Name)