Dear (Tenant’s name),
This letter is your official notification that your present lease terminates on (lease lapse date). You have been an incredible inhabitant but due to our changed future plans of this house, we are now planning to sell it and hence are unable to renew your lease for the upcoming year.
We are now in desperate need to have money due to oldage and health issues and hence we would now want to get rid of additional responsibilities like this house and sell it to someone who would be able to take care of it. We are pleased that you stayed in the house like it’s yours and paid us to rent on time but as times change we have to move on.
In the event that you choose to proceed onward from this loft please give us an (embed number of days dependent on your state’s law) day notice of nonrenewal.