Renewal Letter May 16, 2010 Resident(s):________________________________________ Date: ______________ Address: __________________________________________________________________ Our records indicate that your lease expired 04/01/2010. Due to consistently rising housing costs, it has become necessary to increase your rest. This notice serves as the required written notices per the terms of your lease. The new rent amount will be: - $1800 starting 07/01/2010 if you extend our lease agreement [6, 9, 12 months] $1850 starting 06/01/2010 if you choose to do a month by month lease Please remember that if you choose to terminate your lease, you must provide the required written notices according to the terms of your lease. Failure to provide this required notice indicates your approval to continue the lease with this rent increase. I value having you as one of my residents and look forward to continuing to serve you in the future.Please contact me with any questions or concerns. Sincerely, Alvaro Nevarez Please check one: __ __ __ I accept the new rent amount. Extend lease agreement _______ months. I accept the new rent amount, month by month. I do not accept the new rent amount and will be leaving the premises at the end of the month.