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Lease Renewal Rent Increase Notice
"I need a Lease Renewal Rent Increase Notice for my residential apartment in Manila, implementing a 3% rent increase effective March 1, 2025, with the current monthly rent being PHP 11,000."
1. Letterhead and Date: Landlord's complete name, address, and contact information, plus the current date
2. Tenant Information: Full name and address of the tenant(s), including the specific unit or property being leased
3. Subject Line: Clear indication that this is a Notice of Lease Renewal and Rent Increase
4. Current Lease Reference: Details of the existing lease agreement including current rental amount and lease period
5. Notice of Increase: Clear statement of the new rental amount and the percentage increase (ensuring compliance with RA 11802's maximum 3% increase limit where applicable)
6. Effective Date: Specific date when the new rental rate will take effect, ensuring proper notice period is given
7. Legal Compliance Statement: Statement confirming the increase complies with relevant laws including RA 11802
8. Response Request: Request for tenant's written confirmation of acceptance or intention to vacate
9. Closing and Signature: Professional closing, landlord's signature, and printed name
1. Payment Instructions: Include if there are changes to payment methods or banking details
2. Property Maintenance Updates: Include if there are any updates to maintenance responsibilities or building regulations
3. Additional Terms: Include if there are any other changes to the lease terms besides the rent increase
4. Rent Increase Justification: Include if explaining specific reasons for the increase, such as improved facilities or market conditions
5. Good Standing Acknowledgment: Include if acknowledging tenant's good payment history and maintaining positive relations
1. Rent Calculation Schedule: Detailed breakdown of the current rent, increase amount, and new total rent
2. Payment History Summary: Optional summary of tenant's payment history to support good standing
3. Property Improvements List: Optional list of improvements or maintenance work completed during the previous lease term if being used to justify the increase
Authors
Real Estate
Residential Property
Commercial Property
Retail
Office Space
Industrial
Mixed-Use Development
Property Management
Real Estate Investment
Legal
Property Management
Real Estate Operations
Leasing
Asset Management
Compliance
Tenant Relations
Administration
Facilities Management
Property Manager
Real Estate Manager
Leasing Manager
Property Administrator
Real Estate Agent
Legal Counsel
Compliance Officer
Asset Manager
Facilities Manager
Operations Manager
Real Estate Administrator
Tenant Relations Manager
Portfolio Manager
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