I am in possession of your above residential premises on lease. The lease expires on ____________ (Date) as per the terms and conditions of the lease agreement. As I want to continue living in these premises, I request you to extend the lease for further period of ____________ (Year) years with effect from ____________ (Date) at the same terms and conditions.
In view of the higher maintenance cost, increased tax rates and general price-rise, I am willing to increase the present rent by ____________%. We hope this would satisfy you.
I look forward to an early reply so that a new lease agreement can be executed in time before the lapse of the present one.