Date: [DAY], [MONTH], of [YEAR]
To: [TENANT NAME]
RE: Unit # [UNIT NUMBER]
We are sorry to inform you that [BANK NAME] has notified us that your check [CHECK NUMBER], in the amount of $[CHECK AMOUNT], is drawn on insufficient funds. If you recall from the rent agreement, all rent payments must be received by us on the first of every month. A $[LATE FEE AMOUNT] fee will be assessed for rent payments received after the first of every month.
We also require a $[RETURN PENALTY] returned check fee in addition to the original amount.