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Commercial Rent Increase Letter
"I need a Commercial Rent Increase Letter for my retail tenant in Manchester, implementing a 5% increase based on RPI indexation, to take effect from March 1, 2025, with the current rent being £45,000 per annum."
1. Recipient Details: Full name and address of tenant, property reference
2. Current Rent: Statement of current rent amount and payment terms
3. New Rent: Clear statement of new rent amount
4. Effective Date: When the rent increase will take effect
5. Legal Basis: Reference to relevant lease clause allowing the increase
1. Calculation Method: Explanation of how the increase was calculated (use when based on index or formula)
2. Market Comparison: Reference to market rates (use when increase is market-based)
3. Payment Instructions: Updated payment details (use if payment method is changing)
1. Rent Calculation Schedule: Detailed breakdown of how the new rent was calculated
2. Relevant Lease Extract: Copy of lease clause authorizing the increase
3. Market Evidence: Supporting documentation for market-based increases
Authors
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