Rent Reduction Letter

Olivia Anderson
101 Cedar Lane, Hamletville,

Provincetown, 12345
OliviaAnderson@email.com
222 555 7777

Sarah Taylor
234 Birch Street, Boroughburg,

Territorytown, 67890

Dear Sarah Taylor,

I hope this letter finds you well. I am writing to discuss a potential rent reduction for the property located at 456 Elm Street. Given the current economic climate, I believe it is necessary to make adjustments to ensure that both parties continue to benefit from this rental agreement.

After carefully assessing the market conditions and considering the positive tenant-landlord relationship we have enjoyed over the years, I propose a reduction in the rental fee from $1,200 to $1,000 per month. This adjusted amount will be effective starting from the next rental period, which begins on February 1, 2050.

I understand that this reduction may come as a surprise, but please be assured that it is aimed at providing you with financial relief while still allowing me to cover the property's expenses. The current market rates and economic circumstances support this decision, and I believe it is fair and equitable for both parties.

I highly value you as a tenant and appreciate the timely rent payments and good care you have taken of the property. It is my hope that this rent reduction will assist you during these challenging times and further strengthen our tenant-landlord relationship. I am confident that this adjustment is a reasonable course of action to ensure a continued positive rental experience for all parties involved.

Therefore, I kindly request your agreement to this rent reduction proposal. If you have any concerns or would like to discuss this matter further, please do not hesitate to reach out to me at any time. I am more than willing to address any questions or clarify any aspects to ensure a smooth transition.

Sincerely,

Olivia Anderson