Commercial Lease Rent Increase Notice

Commercial Lease Rent Increase Notice Template for England and Wales

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Key Requirements PROMPT example:

"I need a Commercial Lease Rent Increase Notice for my retail property in Manchester, implementing a 5% rent increase from March 2025, with the calculation based on RPI index-linking as specified in the original lease."

Document background

A Commercial Lease Rent Increase Notice is a critical document used in the English and Welsh commercial property sector when implementing rent reviews as specified in commercial lease agreements. This notice serves as the formal mechanism for landlords to notify tenants of rent increases, typically following periodic review periods or trigger events specified in the lease. The document must be precisely drafted to ensure compliance with both the specific terms of the lease and relevant property legislation. It should clearly state the current rent, new rent amount, effective date, and any required calculations or supporting information. Proper service of this notice is essential for the rent increase to be legally enforceable.

Suggested Sections

1. Date of Notice: Current date and effective date of the rent increase

2. Parties' Information: Full names and addresses of landlord and tenant

3. Property Details: Full property address and description as per lease

4. Lease Reference: Date and parties to the original lease

5. Current Rent: Statement of current rent amount

6. New Rent: Statement of new rent amount

7. Effective Date: Date from which new rent becomes payable

Optional Sections

1. Calculation Method: Explanation of how the new rent was calculated, to be included when lease requires explanation or complex calculation involved

2. Index-Linking Details: Reference to relevant index figures if rent review is based on RPI/CPI or other indices

Suggested Schedules

1. Rent Calculation Schedule: Detailed breakdown of rent calculation method and figures

2. Index Figures: Copy of relevant index figures used in calculation

3. Lease Extract: Copy of relevant rent review provisions from lease

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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A formal notice under English and Welsh law informing a commercial tenant of a rent increase in accordance with their lease terms.

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Commercial Lease Rent Increase Notice Template for England and Wales

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