Document background
The Rent Increase Reminder Letter is a crucial document in Philippine property management, designed to formally notify tenants of upcoming changes in their rental payments. This document is required when property owners or managers plan to implement a rent increase, ensuring compliance with the Rent Control Act and other relevant Philippine legislation. The letter must be issued within the legally required notice period (typically 30 days) before the increase takes effect. It should specify the current rent, the proposed new amount, effective date, and justify the increase within legal limits (maximum 7% annually for covered residential units under the Rent Control Act). The document serves both as a legal notice and a professional communication tool, maintaining transparency in landlord-tenant relationships while protecting the interests of all parties involved.
