Form N10 – Agreement to Increase the Rent Above the Guideline

The form “Agreement to Increase the Rent Above the Guideline (N10)” is a legal document between a landlord and tenant in which they agree on a rent increase beyond the standard guideline.

It details the conditions under which the rent can be raised, such as after capital work or the provision of new services, and outlines the legal rights and obligations of both parties. This includes the tenant’s right to cancel within five days and specific conditions under which the rent increase can occur.

This form requires details such as tenant and landlord names, addresses, rental unit address, new rent amount, and specifics about the work or additional services justifying the increase.

It highlights legal stipulations for both parties, including the tenant’s right to cancel the agreement within five days and the landlord’s commitment to the specified improvements or services. The form also includes sections for both tenant and landlord signatures, with instructions for completing the form and important legal information regarding rent increase agreements.