The Rent Review Notice is a crucial document in Indian property law that formally initiates the process of reviewing and potentially modifying the rent for a leased property. It is typically used when a rent review date approaches as specified in the original lease agreement, or when permitted by applicable state rent control laws. The notice must comply with both central laws like the Transfer of Property Act, 1882, and state-specific rent control regulations, which can vary significantly across different Indian states. The document serves to notify the tenant of the proposed rent changes, provide justification for the revision (such as market rates or index-linked increases), and specify the timeline for the new rent to take effect. It forms the basis for subsequent negotiations between the parties and may be referred to in any dispute resolution proceedings.
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1. Date and Address Block: Formal letter heading with current date and recipient's address
2. Property Identification: Clear description and address of the rental property subject to review
3. Lease Reference: Details of the original lease agreement including date and parties
4. Current Rent Details: Statement of current rent amount and payment terms
5. Review Clause Reference: Reference to specific rent review clause in the lease agreement
6. Proposed New Rent: Clear statement of proposed new rent amount
7. Effective Date: Specified date from which the new rent is proposed to take effect
8. Notice Period Statement: Confirmation that this notice is given within the required notice period
9. Signature Block: Landlord or authorized agent's signature and contact details
1. Market Evidence Summary: Brief overview of comparable properties/rents when market-based review is being used
2. Index-Linked Calculation: Detailed calculation where rent review is based on an index such as inflation
3. Multiple Tenant Notification: Additional address blocks and references when notice needs to be served to multiple tenants
4. Negotiation Period: Statement of the period available for negotiation if specified in the lease
5. Dispute Resolution Reference: Reference to dispute resolution procedures if specified in the lease
1. Schedule A - Rent Calculation: Detailed breakdown of how the new rent has been calculated
2. Schedule B - Market Evidence: Details of comparable properties and rents used to justify the proposed increase
3. Schedule C - Index Figures: Official index figures used for calculation if rent review is index-linked
4. Appendix 1 - Original Lease Excerpt: Copy of relevant rent review clauses from the original lease
5. Appendix 2 - Supporting Documentation: Any additional evidence or documentation supporting the rent review
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