Document background
The Notice To Raise Rent Letter is a crucial document in Philippine property management and real estate operations, designed to formally communicate rent increases to tenants in compliance with local laws. This document is required whenever a landlord intends to increase the rent amount for a residential or commercial property. Under the Rent Control Act of 2022, landlords must provide adequate notice and ensure that any increase doesn't exceed the maximum allowable rate of 3% annually for covered residential units. The letter must include specific details such as the current rent, new rent amount, effective date, and compliance statements. It's particularly important in urban areas like Metro Manila where rent control is strictly enforced. The document serves both as a legal notice and a record of communication between landlord and tenant, protecting both parties' interests and ensuring transparency in rental arrangements.
