Commercial Rent Increase Notice Template for South Africa

The Commercial Rent Increase Notice is a crucial document in South African commercial property management, used when a landlord or property management company needs to implement a rental increase for commercial premises. This document must comply with South African property law, including the Consumer Protection Act and common law principles governing commercial leases. The notice should be issued within the timeframe specified in the original lease agreement, typically ranging from 30 to 90 days before the increase takes effect. It must clearly state the current rent, the new amount, the effective date, and the calculation basis for the increase. The document serves as both a legal requirement and a professional courtesy, maintaining transparent communication between landlord and tenant while ensuring legal compliance in commercial property relationships.

1. Letterhead and Date: Official business letterhead of the landlord/property management company and current date

2. Recipient Details: Full name and address of the tenant, including their business name and premises address

3. Reference Information: Reference to the existing lease agreement, including date of original agreement and property details

4. Subject Line: Clear indication that this is a rent increase notice

5. Opening Statement: Formal opening referencing the lease agreement and right to increase rent

6. Current Rent Statement: Statement of current rent amount and payment terms

7. New Rent Declaration: Clear statement of new rent amount and effective date of increase

8. Notice Period Confirmation: Confirmation that the notice period complies with lease terms and applicable laws

9. Payment Details: Updated payment information and methods

10. Closing Statement: Professional closing with contact information for queries