The Lease Renewal Form With Rent Increase is essential when extending an existing tenancy while adjusting the rental amount under English and Welsh law. This document is typically used when both parties wish to continue their landlord-tenant relationship but need to formalize changes to the rental terms. It incorporates necessary updates while preserving relevant aspects of the original lease agreement, ensuring compliance with current legislation including the Landlord and Tenant Act 1954 and Housing Act 1988. The document provides security for both parties by clearly documenting the new terms and maintaining legal continuity of the tenancy.
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1. Parties: Identification of landlord and tenant with full legal names and addresses
2. Background: Reference to original lease and basis for renewal
3. Definitions: Key terms used in the renewal agreement
4. Term: Duration of the renewed lease
5. Rent: New rent amount and payment terms
6. Confirmation of Other Terms: Statement confirming continuation of other original lease terms
7. Execution: Signature blocks for all parties
1. Break Clause: Optional termination rights, include if agreed between parties
2. Rent Review Provisions: Include if future rent reviews are planned during renewal term
3. Modification of Original Terms: Include if any original lease terms are being modified
4. Guarantor Provisions: Include if original lease had guarantor who is continuing
1. Schedule of Condition: Updated property condition report if required
2. Schedule of Alterations: List of permitted alterations if any new ones agreed
3. Copy of Original Lease: Attached as reference document
4. Rent Payment Schedule: Detailed breakdown of new rent payments and dates
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