Document background
The Commercial Rent Increase Notice is a fundamental document in Australian commercial property management, used when a landlord exercises their right to increase the rent under an existing commercial lease agreement. This notice must be issued in accordance with both the specific terms of the lease and the relevant state or territory commercial tenancy legislation, which typically requires minimum notice periods (often 60 days or more). The document should clearly state the current rent, the new rent amount, the effective date of the increase, and the basis for calculating the increase (whether fixed, CPI-based, or market review). It's crucial for maintaining transparent landlord-tenant relationships and ensuring legal compliance in commercial property management across Australia.
