Document background
The Lease Renewal Letter With Rent Increase is a crucial document used in Pakistani property management when a landlord wishes to continue a tenancy while adjusting the rental rate. It must comply with provincial rent control ordinances and the Transfer of Property Act, 1882, which regulate the maximum allowable rent increases and notice periods. This document is typically issued 60-90 days before the current lease expires, allowing sufficient time for tenant consideration and negotiation. The letter should clearly state the current rent, proposed increase, new total rent, effective date, and renewal term length. It serves as official documentation of the proposed changes and can be important evidence in any future disputes or legal proceedings.
