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Rent Increase Notice
PDF and
Word
The notice of rent increase is an official letter used by Australian landlords and property managers to inform their tenants about the planned increase in the amount of rental payments.
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What is a rent increase notice?
A rent increase notice is a formal notification used by a landlord or property manager to inform a tenant that the rent for a leased property will increase. In Australia, this notice must comply with existing tenancy or lease arrangements, as well as applicable state or territory tenancy laws. The present document is suitable for both commercial and residential leases.
The parties involved in this rent increase notice are the landlord and the tenant. The landlord is a property owner or a property management company who wants to increase the lease. The tenant is a business or individual who uses the property based on the commercial or residential lease agreement.
The present notice for increase of rent is ideal for:
- Australian property owners who rent out residential property on a long-term or short-term basis;
- landlords who rent out commercial and retail property for small businesses and startups operating across Australia;
- property managers who need a reliable template to inform tenants about the upcoming increase of the rent.
What’s to be included in a notice for increase of rent?
There are a number of important provisions without which the final notice for increase of rent cannot be fully complete and valid.
Landlord and Tenant Details
Every rent increase notice in Australia must define identification details of the landlord and the tenant. These details include:
- full legal name (or only name if either party is an individual);
- ACN number (only if either party is a company);
- contact mail address.
Including of these details not only gives a professional look to the letter but also helps the recipient to clearly identify the sender of the letter.
General Guidelines
To create a landlord-friendly rent increase letter, the document must be drafted in a polite manner and plain English. Avoid complex legal wording and try to use short sentences.
It is also better to include the letter’s title at the beginning so that the tenant can immediately identify the purpose of the rent increase notice.
Increase Details
This is the formal and most important part of every rent increase notice. If there is any dispute in the future, this document will serve as the first point of reference. That’s why inclusion of all necessary details is vital. These details include:
- the date and title of the existing lease agreement;
- the address of the rented property;
- the new rent amount stated in Australian dollars; and
- the effective date of the rent increase.
It is also possible to include in the text of the document other changes. However, note that those changes should relate to the increase of the rent. For example, the landlord may wish to change the rent payment frequency, due date, or the payment method, etc.
Notice Period
Determining the correct notice period when issuing the rent increase notice is crucial to ensure compliance with Australian tenancy and lease laws. It is also important to check relevant state and territory regulations to find out the exact notice period that applies.
The average notice period ranges between 30 and 90 days and depends on the type of the lease and the lease duration.
Sign and Send
The rent increase notice cannot become legally effective unless it is signed by the landlord. The landlord can put their signature by hand or using online e-signing tools.
Once signed, the notice shall be served to the tenant. Usually, the method of sending such a notice is being prescribed in the existing lease agreement. However, if the current lease arrangement does not specify the exact method of sending, the landlord may send the notice:
- via mail;
- via email; or
- deliver in person.
Why choose this template at FasterDraft?
If you are looking for a solid and reliable increase rent notice template, you are in the right place. By customising this document with FasterDraft, you get the following benefits:
- a friendly rent increase letter sample in 2 minutes;
- a document template created by legal professionals, not generated by AI;
- a letter customisable for your specific case and circumstances;
- a document aligned with applicable state and territory retail lease acts and residential tenancy acts;
- a letter available in PDF and Word formats.
How to customise this rent increase notice template?
To get a fully customisable letter template, follow the simple steps below:
- Click the “Create Document” button.
- Answer simple questions in the form.
- Select a template’s format – notice of rent increase PDF or Word.
- E-sign the document.
- Make a payment.
- Download a customisable letter template instantly. Now you can use it to inform the tenants about the upcoming rent increase.
Table of content
Frequently Asked Questions (FAQ)
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1. Is this rent increase notice template legally valid in Australia?
Yes, this increase rent notice is compliant with applicable Australian laws, including general principles of the contract law. As residential and commercial tenancies are governed by relevant state and territory regulation, this letter template also aligns with the applicable Residential Tenancy Act and Retail Leases Act.
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2. Can I increase the rent under the commercial lease?
Yes, it is possible to use the present rent increas notice to inform tenants about the rent increase, provided the following cumulative conditions are met:
- First, the existing commercial lease or residential tenancy agreement must allow the landlord to change the rent during the lease term.
- Secondly, the landlord must give a notice in advance and in compliance with the notice period specified in the existing lease contract.
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3. Is there a mandatory format for a rent increase notice Australia template?
No, Australian laws do not provide a mandatory document template you have to use when sending a notice for an increase of rent to tenants.
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4. Can this template be used for fixed-term and periodic tenancies?
Yes. This notice for an increase of rent template can be used for different types of lease arrangements:
- fixed-term lease agreements;
- lease agreements with no fixed end date;
- short-term or holiday rental agreements;
- periodic tenancies (for example, month-to-month).
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5. What are the requirements for the rent increase notice NSW?
The rent increase notice NSW is governed by the Residential Tenancy Act 2010 (NSW) for residential properties and the Retail Leases Act 1994 (NSW) for commercial properties.
Under these laws, the landlord cannot increase the rent in the first 12 months after the lease starts. To change the rent under residential tenancy, the landlord must send at least 60 days’ prior notice. For commercial leases, the notice period is shorter and is typically 30 days.
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6. Does this template include the rent increase amount in AUD?
Yes. Even a simple rental rent increase notice must reflect the amount of the new rental payment in Australian dollars. If the payment schedule or frequency also changes, these details should be clearly set out in the notice.