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Addendum To Rental Agreement For Rent Increase

Addendum To Rental Agreement For Rent Increase Template for Philippines

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Key Requirements PROMPT example:

Addendum To Rental Agreement For Rent Increase

"I need an Addendum to Rental Agreement for Rent Increase for my residential property in Manila, implementing a 2% rent increase effective March 1, 2025, ensuring compliance with Philippine Rent Control Act."

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Document background
The Addendum To Rental Agreement For Rent Increase is a critical document used in the Philippine real estate market when property owners need to implement a rental increase on an existing lease agreement. This document is essential for ensuring compliance with the Republic Act No. 11494 (Rent Control Act of 2020) and related local regulations, which set specific limits on rental increases, particularly for residential units below certain threshold amounts. The addendum should be used whenever a landlord wishes to increase rent within legal limits, typically annually or as permitted by the original lease agreement. It must include specific details about the amount of increase, effective date, and compliance with legal requirements. The document becomes particularly important in urban areas like Metro Manila where rent control regulations are strictly enforced and proper documentation of rental increases is crucial for both legal compliance and potential dispute resolution.
Suggested Sections

1. Parties: Identifies the landlord/lessor and tenant/lessee with their complete legal names and addresses as they appear in the original lease agreement

2. Background: References the original lease agreement, including its execution date and current rental amount

3. Definitions: Defines key terms used in the addendum, particularly any new terms not present in the original lease

4. Original Agreement Reference: Confirms that all other terms and conditions of the original lease remain in full force and effect except as modified by this addendum

5. Rent Increase Details: Specifies the new rental amount, the effective date of the increase, and confirms compliance with Philippine Rent Control Act limits

6. Payment Terms: Confirms the payment schedule and method for the new rental amount

7. Acknowledgment and Agreement: Statement that both parties understand and agree to the modification

8. Execution: Signature block for all parties, including date of signing

Optional Sections

1. Notice of Increase: Required if the lease agreement or local regulations specify a minimum notice period for rent increases

2. Security Deposit Adjustment: Include if the security deposit needs to be adjusted proportionally with the rent increase

3. Utility Changes: Include if there are any modifications to utility payment responsibilities accompanying the rent increase

4. Rent Control Compliance Statement: Detailed section explaining compliance with rent control laws, particularly useful in areas with strict rent control enforcement

5. Payment History: Include if relevant to justify the increase based on payment history and tenant standing

6. Local Government Certifications: Include if local regulations require specific certifications or statements for rent increases

Suggested Schedules

1. Schedule A - Rent Calculation: Detailed breakdown of the rent increase calculation showing compliance with legal limits

2. Schedule B - Notice Documentation: Copies of any formal notices provided regarding the rent increase

3. Schedule C - Supporting Documents: Any relevant documentation justifying the increase (e.g., property tax increases, improvement costs)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




























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Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Retail

Office Space

Industrial Property

Hospitality

Mixed-Use Development

Relevant Teams

Legal

Property Management

Real Estate Operations

Lease Administration

Asset Management

Compliance

Tenant Relations

Facilities Management

Corporate Real Estate

Operations

Relevant Roles

Property Manager

Real Estate Manager

Leasing Administrator

Property Owner

Facility Manager

Legal Counsel

Lease Administrator

Asset Manager

Real Estate Operations Director

Building Administrator

Compliance Officer

Tenant Relations Manager

Corporate Real Estate Manager

Housing Administrator

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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