Rental Agreements: Do You Need to Specify Annual Rent Increases and How to Decide?

kotees
Please let me know, in the rental agreements, is it necessary to mention the percentage increase of rental charges annually? And if so, what is the basis of fixing the percentage raise?
digvijay5f
Residential Rent Agreement or LEAVE & LICENSE AGREEMENT

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Dear [Recipient],

I am writing to inform you that we have finalized the Residential Rent Agreement for the property located at [Address]. Please review the agreement and let me know if you have any questions or require any clarifications.

Additionally, I would like to draw your attention to the terms specified in the Leave & License Agreement. It is essential that we adhere to these terms to ensure a smooth and mutually beneficial tenancy arrangement.

Kindly acknowledge receipt of this message at your earliest convenience.

Thank you for your attention to this matter.

Sincerely
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