Document background
The Rent Increase Letter is a crucial document in Hong Kong's property rental market, used when a landlord wishes to formally notify tenants of a rent increase for their leased property. This document must be prepared in accordance with Hong Kong's Landlord and Tenant (Consolidation) Ordinance, which requires sufficient notice periods and specific information to be provided to tenants. The letter typically includes details such as the current rent, proposed new amount, effective date, and any justification for the increase. It's commonly used at the end of fixed-term tenancy periods or when permitted by the existing lease agreement. The document serves both residential and commercial tenancies and must be carefully drafted to ensure legal compliance and maintain professional relationships with tenants.
