[Adebayo Rhamon Adetunji] [{Flat 2} No 3, Isokan oluwatedo Akobo Ibadan] [Date]

[Mrs Gbemisola ] [{Flat 3} No 3, Isokan oluwatedo Akobo Ibadan]

Dear [Mr& Mrs ],

I trust this letter finds you and your family well. It has been a pleasure having
you as both our tenants and neighbors. We appreciate the positive contribution you
make to our community.

I am writing to you with an update regarding the property you are renting at {Flat
3} No 3, Isokan oluwatedo Akobo Ibadan. After careful consideration of various
factors, including current market conditions, maintenance costs, and improvements
to the property, we find it necessary to adjust the monthly rental amount.

Starting from April, 2024, the monthly rent for the property will be increased by
25%, resulting in a new monthly rental amount of #500,000. I understand that this
change may have an impact on your budget, and I want to assure you that we have not
taken this decision lightly.

We value your presence in our community and understand the importance of open
communication. If you have any concerns or questions about this adjustment, please
feel free to reach out to us. We are more than willing to discuss any issues you
may have and work together to find a solution that suits both parties.

The new rental amount will be applicable from your next payment, due on April,
2024. We appreciate your understanding and cooperation during this time. Our goal
is to maintain a positive and supportive living environment for everyone in our
community.

Thank you for your attention to this matter. If you have any questions or need
further clarification, please do not hesitate to contact [08030617653] or physical
chat.

We look forward to continuing our positive relationship as both neighbors and

tenant.

Sincerely,

[Adebayo Rhamon Adetunji] [08030617653].