Document background
The Rent Increase Agreement is a crucial document used in Australian residential and commercial tenancy contexts when a landlord wishes to increase the rent for an existing tenancy. This document is required to comply with state-specific legislation such as the Residential Tenancies Act, which varies by state/territory. The agreement formally documents the new rent amount, effective date, and ensures compliance with mandatory notice periods (typically 60 days in most jurisdictions). It should be used whenever a rent increase is implemented, providing clear documentation of the change and protecting both parties' interests. The document includes references to the original lease, confirmation of compliance with relevant legislation, and may include supporting documentation such as market analysis or property improvement details to justify the increase.
