Document background
A Rent Review Notice is a crucial document in the United States real estate sector, used when a landlord or property owner wishes to modify the rental amount for a property. This formal notification must be issued in accordance with notice periods specified by state laws and local regulations, which typically range from 30 to 90 days before the proposed change. The document is essential for maintaining legal compliance and transparent communication with tenants. It must include specific details such as the current rent, proposed new amount, effective date, and any required justification for the increase. In jurisdictions with rent control or rent stabilization laws, the Rent Review Notice must also demonstrate compliance with maximum allowable increases and may require additional documentation or registration with local authorities. The notice serves both as a legal record and as a formal communication tool, protecting the interests of both landlords and tenants in the rent review process.
