Rental Agreement Letter for Tenant

[Your Name]
4521 Wright Court

Birmingham, AL 35205

222 555 7777

[Your Email]

May 15, 2050

Alice Johnson
4063 Joyce Street
Madison, AL 35758

Subject: Renewal of Rental Agreement

Dear Alice Johnson,

I hope this letter finds you well. I am pleased to inform you that I am extending the lease for the residential property located at 4063 Joyce Street Madison, AL 35758. This letter serves as the formal renewal of your rental agreement under the following revised terms and conditions.

1. Lease Term:
The lease for the property will be renewed for an additional term of 12 months, starting on June 1, 2050, and ending on May 31, 2051.

2. Rent Payment:
Effective June 1, 2050, the monthly rent will be adjusted to $1,200, payable on the 1st of each month. Payments should be made via bank transfer to account number ALB 80074153 at Alabama Bank.

3. Security Deposit:
Your existing security deposit of $1,500 will remain unchanged and will continue to be held as security for the new lease term. No additional deposit is required.

4. Maintenance and Repairs:
Your responsibilities regarding maintenance and repairs will remain consistent with the original lease agreement. Please continue to report any issues promptly.

5. Rules and Regulations:
All other terms, conditions, rules, and regulations outlined in your original lease agreement remain in effect, except for the changes mentioned above.

6. Termination Terms:
Should you wish to terminate the lease early, please provide written notice of 30 days as stipulated in the original agreement.

Please sign below to acknowledge your acceptance of the renewal terms. Kindly return a signed copy of this letter by May 30, 2050, to ensure the continuation of your lease.

I appreciate your continued tenancy and look forward to maintaining a positive rental relationship. Should you have any questions or require further clarification, please do not hesitate to contact me.

Thank you for your attention to this matter.

Sincerely,

[Your Name]
Landlord

Acknowledgment and Acceptance:

I, Alice Johnson, hereby acknowledge and accept the terms and conditions of the renewed rental agreement as outlined in this letter.

Alice Johnson

Tenant

[Date]