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Commercial Rent Increase Notice
"I need to draft a Commercial Rent Increase Notice for my retail tenant in Boston, informing them of a 5% rent increase effective March 1, 2025, based on the CPI adjustment clause in their existing lease."
1. Date: Current date of notice issuance
2. Recipient Information: Tenant's full name, business name if applicable, and complete address of the commercial property
3. Current Rent Statement: Clear statement of the current rent amount and payment terms
4. Rent Increase Notice: Formal notice of the rent increase including the new amount and percentage increase
5. Effective Date: Specific date when the new rent amount will take effect
6. Legal Authority: Reference to specific lease provisions or legal basis authorizing the increase
1. Calculation Method: Detailed explanation of how the increase was calculated, particularly if based on CPI or other indices
2. Market Analysis Reference: Brief reference to market conditions justifying the increase, if applicable
3. Payment Instructions: Updated payment methods or instructions if different from current arrangements
4. Contact Information: Landlord or property manager's contact details for any questions or concerns
1. Schedule A - Rent Calculation Breakdown: Detailed mathematical breakdown of how the new rent was calculated
2. Schedule B - Market Rate Analysis: Supporting documentation showing comparable market rates in the area
3. Schedule C - Lease Extract: Copy of relevant sections from the original lease agreement regarding rent increases
4. Schedule D - Payment Schedule: Monthly breakdown of new rent amounts including any step increases if applicable
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