Document background
The Notice of Rent Increase Form is a crucial document in Philippine real estate practice, required whenever a landlord intends to raise the rent on a property. This document must strictly comply with the Rent Control Act of 2009 and subsequent amendments, which mandate specific notice periods and maximum allowable increases. The form is used across both residential and commercial properties, though different rules may apply to each. The Notice of Rent Increase Form must include precise details about the current rent, the proposed increase, effective date, and must be served within the legally required notice period. It serves as official documentation of the landlord's intention and provides tenants with clear information about the upcoming changes to their rental obligations.
