This letter, which will probably be used rarely, presents a tenant with the good news that rent is being lowered.
1234, Main Street
Boston, MA 02123
05 April, 2005
<Recipient Address Goes Here>
Please be advised that, in order to remain competitive with rents in the area, I have decided to lower the rent on the property located at <address>. Currently, the monthly rent is <$amount>. As of <date>, the rent will be <$new amount>.
I appreciate your tenancy and hope that the property continues to meet your needs. Please let me know if you have any questions or problems with the property.
encl: <List of enclosed items goes here>