Rent Review Letter Template for India

The Rent Review Letter is a crucial document in Indian property law that formalizes the process of reviewing and adjusting rental payments for leased properties. This document is typically used when a rent review date approaches as specified in the original lease agreement, or when market conditions warrant a rental adjustment within legal parameters. The letter must comply with various Indian legislative requirements, including the Transfer of Property Act, 1882, relevant state Rent Control Acts, and local municipal regulations. A properly drafted Rent Review Letter should clearly state the current rent, proposed new rent, basis for the review, and necessary supporting evidence, while ensuring compliance with both the original lease terms and applicable rent control legislation. The document serves as both a formal notification and a legal record of the proposed changes, potentially forming the basis for future negotiations or dispute resolution.

1. Letter Date and Address Block: Current date and full contact details of both landlord and tenant

2. Property Reference: Clear identification of the leased property including full address and any relevant reference numbers

3. Lease Reference: Details of the existing lease including date of execution and any previous rent reviews

4. Rent Review Notice: Formal notification of the rent review as per lease terms, including the review date

5. Current and Proposed Rent: Clear statement of current rent and proposed new rent figures

6. Basis for Review: Reference to relevant lease clauses and explanation of how the new rent was calculated

7. Response Timeline: Specified period for tenant response and any relevant deadlines

8. Closing and Signature: Formal closing, signature block and contact information for further communication