Rent Increase Notice

NOTICE OF REVISION OF RENT Date: [notice_date] To, [tenant_name] Tenant, [property_address] Subject: Revision of monthly rent with effect from [effective_from] Dear [tenant_name], 1. You are presently occupying the premises at [property_address] as a tenant, at a monthly rent of Rs. [current_rent]. 2. This is to inform you that the monthly rent for the said premises stands revised to Rs. [revised_rent] with effect from [effective_from]. 3. REASON FOR REVISION [reason_for_increase] 4. All other terms and conditions of the existing tenancy shall remain unchanged and continue in full force. 5. Kindly make payment of the revised rent from the effective date stated above. Should you wish to discuss the revision, please contact the undersigned before that date. 6. If the revised rent is not acceptable to you, you may indicate your intention to vacate the premises by giving notice in accordance with the terms of the tenancy, and the tenancy shall then stand determined accordingly. 7. Kindly acknowledge receipt of this notice. Thanking you, Yours sincerely, [landlord_name] Landlord [landlord_address] ACKNOWLEDGMENT Received a copy of the above notice on ______________. Tenant's signature: ______________________ NOTES - Serve this notice by Registered Post with Acknowledgment Due or Speed Post and retain the postal receipt. Personal delivery against acknowledgment is also acceptable. - Where the tenancy agreement specifies a notice period or an escalation formula for rent revision, that provision governs and must be followed. - Several States have rent control legislation restricting the extent and frequency of rent increases for tenancies covered by those statutes. Verify whether the premises fall within the applicable State rent legislation before revising the rent.