Document background
The Lease Increase Notice is a crucial document in the Indian rental market, used when a landlord intends to raise the rent for a residential or commercial property. This notice must be issued in accordance with state-specific rent control laws, which typically specify both the maximum permissible increase and the minimum notice period required. The document serves as official communication and legal record of the proposed rent increase, protecting both landlord and tenant interests. When drafting a Lease Increase Notice, consideration must be given to the original lease agreement terms, applicable state regulations, and any recent amendments to rental laws, including the Model Tenancy Act where implemented. The notice should clearly state the current rent, proposed increase, effective date, and calculation method, while ensuring compliance with all legal requirements in the relevant Indian jurisdiction.
