Document background
The Commercial Rent Review Notice is a crucial document in Australian commercial property leasing that serves as the formal trigger for rent review proceedings. It is typically used at specified intervals during a lease term or at other times as permitted by the lease agreement. The notice must be drafted and served in accordance with both the specific terms of the lease and the relevant state's commercial tenancy legislation. The document needs to clearly state the proposed rent adjustment, whether based on market rates, Consumer Price Index (CPI), or fixed increases, and must include sufficient supporting information to justify the proposed changes. Proper timing and delivery of this notice is critical, as failure to comply with notice periods or formal requirements may invalidate the rent review process. The document forms part of the formal communication between landlord and tenant and may become important evidence in any subsequent rent review disputes or negotiations.
