Document background
The Rent Change Notice is a crucial document in Philippine property management, required whenever a landlord intends to modify the rental amount for a property. This document must be issued in compliance with the Rent Control Act of 2020, which stipulates specific limitations on rent increases (particularly the 2% annual cap for covered residential units) and mandatory notice periods. The notice serves as both a legal requirement and a formal communication tool, protecting the interests of both landlords and tenants. It should be issued at least three months before the intended change takes effect and must include specific details about the current rent, proposed changes, and effective dates. Property managers and landlords use this document to ensure transparency and legal compliance in rental relationships, while providing tenants with sufficient time to respond or make necessary arrangements.
