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Letter Of Intent To Raise Rent
"I need a Letter of Intent to Raise Rent for my residential property in Manila, Philippines, to inform my tenant of a 5% rent increase effective March 1, 2025, ensuring compliance with the Rent Control Act."
1. Sender's Details: Complete name and address of the landlord/property manager
2. Date: Current date of the letter
3. Recipient's Details: Complete name and address of the tenant
4. Subject Line: Clear indication that this is a notice of rent increase
5. Property Identification: Complete address and description of the rental property
6. Current Rent Statement: Statement of the current rental amount and payment terms
7. Proposed Rent Increase: Clear statement of the new rental amount and percentage increase
8. Effective Date: Specified date when the new rent will take effect, ensuring compliance with notice period requirements
9. Legal Compliance Statement: Statement confirming the increase complies with RA 9653 (Rent Control Act) limits
10. Contact Information: Details for how the tenant can reach the landlord to discuss the increase
11. Closing and Signature: Professional closing, name and signature of the landlord/authorized representative
1. Rental History: Include when demonstrating a history of timely payments or lack of previous increases
2. Justification for Increase: Add when explaining specific reasons for the increase such as improvements or increased costs
3. Payment Method Updates: Include if there are any changes to how rent should be paid
4. Property Improvements: Add when recent or planned improvements partly justify the increase
5. Market Comparison: Include when providing context of local market rates to justify the increase
1. Rent Calculation Schedule: Detailed breakdown of how the new rent amount was calculated, showing compliance with legal limits
2. Payment History Record: Summary of tenant's payment history, if relevant to the increase
3. Property Maintenance Record: List of improvements or maintenance work completed, if justifying the increase
4. Market Rate Analysis: Comparison of local rental rates, if being used to justify the increase
Authors
Real Estate
Property Management
Residential Housing
Commercial Property
Retail Property
Office Space
Legal Services
Property Investment
Rental Housing
Legal
Property Management
Real Estate Operations
Lease Administration
Asset Management
Tenant Relations
Contract Administration
Property Operations
Facilities Management
Property Manager
Real Estate Manager
Landlord
Property Owner
Leasing Manager
Real Estate Agent
Property Administrator
Legal Counsel
Real Estate Attorney
Lease Administrator
Asset Manager
Building Manager
Property Management Executive
Rental Coordinator
Real Estate Operations Manager
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