Document background
The Notice of Raising Rent is a crucial document in the Philippine real estate landscape, required whenever a landlord intends to increase the rental amount for a property. This document must be prepared and served in accordance with the Republic Act No. 11494 (Rent Control Act of 2020) and related regulations, which mandate proper written notice before implementing any rent increases. The notice must be served within the legally required timeframe, typically at least three months before the intended increase. For residential properties falling under the rent control threshold, the document must demonstrate that the increase does not exceed the maximum annual limit of 2%. The notice should clearly state the current rent, the new rent amount, the effective date of the increase, and include any relevant calculations or justifications for the increase. This document is particularly important as failure to provide proper notice can invalidate the rent increase and may lead to legal complications.
