Document background
The Lease Renewal And Rent Increase Letter is a essential document in Australian property management, used when a landlord wishes to offer a tenant the opportunity to extend their lease while adjusting the rental rate. It must be issued within state-mandated notice periods, which vary by jurisdiction (typically 60 days in most states). The document combines two critical notifications: the offer to renew the lease and the formal notice of rent increase. It needs to include specific details such as the current rent, proposed new rent, percentage increase, effective date, and new lease term. This document is particularly important in maintaining compliance with state residential tenancy laws while ensuring clear communication of new terms. It's commonly used in both residential and commercial contexts, though the specific requirements and notice periods may differ between these sectors.
