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The Rent Rise Letter is a crucial document in Philippine property management, used when property owners or managers need to implement a rental increase for their properties. This document must strictly adhere to the requirements set forth in the Philippine Rent Control Act and related legislation, which establish specific limits on rental increases and mandatory notice periods. The letter serves as official documentation of the proposed increase and typically includes the current rent amount, the new rent amount, the percentage increase, effective date, and justification for the increase where appropriate. Property owners must ensure the Rent Rise Letter is served within the legally required notice period (typically at least three months before the effective date) and that the increase percentage falls within legal limits. The document plays a vital role in maintaining transparent and legally compliant landlord-tenant relationships in the Philippine rental market.
