Commercial Rent Increase Notice Template for England and Wales

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Key Requirements PROMPT example:

Commercial Rent Increase Notice

"I need a Commercial Rent Increase Notice for our retail property at 123 High Street, where we're increasing the rent from £45,000 to £52,000 per annum, effective from March 1st, 2025, with a required 3-month notice period."

Document background
The Commercial Rent Increase Notice is a crucial document in commercial property management within England and Wales. It is used when a landlord exercises their right to increase the rent in accordance with the lease terms and applicable legislation. The notice must be issued within specific timeframes and contain precise information about the current rent, new rent amount, and effective date. The document ensures compliance with legal requirements while maintaining clear communication between landlord and tenant regarding rental obligations. It serves as both a formal notification and a legal record of the rent increase process.
Suggested Sections

1. Date: Current date of notice

2. Landlord Details: Full name and address of landlord/managing agent

3. Tenant Details: Full name and address of tenant

4. Property Details: Full address and description of leased premises

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

6. Current Rent: Statement of current rent amount

7. New Rent: Statement of new rent amount

8. Effective Date: Date from which new rent takes effect

Optional Sections

1. Calculation Method: Explanation of how increase was calculated, to be included when lease requires explanation or transparency of calculation

2. Review Period Reference: Reference to specific rent review period in lease, to be included when multiple review periods exist in lease

Suggested Schedules

1. Rent Calculation Schedule: Detailed breakdown of rent calculation if based on formula or index

2. Copy of Relevant Lease Clause: Extract from lease showing rent review provisions

3. Service Requirements Notice: Additional notice regarding service charge increases if applicable

Authors

Alex Denne

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

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Landlord and Tenant Act 1954: Primary legislation governing business tenancies in England and Wales, particularly Part II which deals with security of tenure and renewal of business tenancies

Landlord and Tenant (Covenants) Act 1995: Legislation governing the enforcement of covenants in commercial leases, including provisions relating to rent payment obligations

Commercial Rent (Coronavirus) Act 2022: Recent legislation that may affect rent increase notices if there are outstanding COVID-19 related rent issues

Lease Review Provisions: Specific terms within the existing lease agreement that detail the mechanism for rent increases, including timing and calculation methods

Notice Period Requirements: Mandatory timeframes for serving rent increase notices as specified in the lease and/or relevant legislation

Service Requirements: Legal requirements for proper service of the notice, including acceptable methods and proof of delivery

Rent Review Calculation Method: Specified method in the lease for calculating rent increases (e.g., fixed percentage, market rate, or index-linked to RPI/CPI)

Code of Practice for Commercial Property: Government guidance on commercial property relationships, including best practices for rent reviews and increases

Common Law Principles: Established case law principles regarding reasonableness of notice and interpretation of commercial lease terms

Formal Requirements: Technical requirements for the notice format, including necessary content, signatures, and any prescribed forms

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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