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Rental Increase Notice

Rental Increase Notice Template for Hong Kong

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Key Requirements PROMPT example:

Rental Increase Notice

"I need a Rental Increase Notice for my residential property in Hong Kong, implementing a 5% rent increase effective from March 1, 2025, with the standard statutory notice period."

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Document background
The Rental Increase Notice is a crucial document in Hong Kong's property management landscape, required whenever a landlord intends to increase the rent for their property. This document must comply with Hong Kong's Landlord and Tenant (Consolidation) Ordinance and provide adequate notice periods as specified by law. The notice typically includes essential information such as the property details, current rent, proposed new rent, percentage increase, and effective date. It serves as official documentation of the proposed change and helps maintain clear communication between landlords and tenants. The document is used in both residential and commercial contexts and may require different approaches depending on the type of tenancy agreement in place. Proper execution of this notice is essential for the legal implementation of any rent increase in Hong Kong.
Suggested Sections

1. Sender Details: Full name and address of the landlord or authorized property manager

2. Recipient Details: Full name and address of the tenant(s)

3. Property Identification: Complete address and description of the rented property

4. Current Rental Details: Statement of current rent amount and payment frequency

5. Proposed Rental Increase: Clear statement of new rental amount and percentage increase

6. Effective Date: Specific date when the new rent will take effect, ensuring compliance with statutory notice periods

7. Legal Compliance Statement: Statement confirming compliance with relevant Hong Kong tenancy laws

8. Signature Block: Space for landlord's or authorized representative's signature and date

Optional Sections

1. Justification for Increase: Explanation of reasons for the rental increase, used when required by lease terms or to maintain good tenant relations

2. Payment Instructions: Updated payment details if changing along with the rent increase

3. Multiple Tenant Notice: Additional sections required when the property is let to multiple tenants

4. Agent Authorization: Required when the notice is being sent by a property agent rather than the landlord directly

Suggested Schedules

1. Current Lease Agreement Reference: Copy or relevant sections of the current lease agreement showing the rent review provisions

2. Market Comparison Data: Optional supporting documentation showing comparable rental prices in the area

3. Calculation Schedule: Detailed breakdown of the rental increase calculation if complex formulas are involved

4. Property Manager Authorization: Required if the notice is being sent by a property management company

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail Property

Industrial Property

Professional Services

Property Investment

Asset Management

Relevant Teams

Legal

Property Management

Real Estate

Operations

Administration

Compliance

Facilities Management

Asset Management

Tenant Relations

Document Control

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Asset Manager

Property Administrator

Legal Counsel

Tenancy Administrator

Portfolio Manager

Facilities Manager

Operations Manager

Real Estate Director

Property Owner

Building Manager

Compliance Officer

Administrative Assistant

Industries
Landlord and Tenant (Consolidation) Ordinance (Cap. 7): The primary legislation governing landlord-tenant relationships in Hong Kong, including provisions for rent regulation, security of tenure, and statutory notices
Part IV of the Landlord and Tenant (Consolidation) Ordinance: Specific section dealing with rent regulations and control, including procedures for rental increases and notice requirements
Electronic Transactions Ordinance (Cap. 553): Governs the validity and requirements of electronic communications and signatures, relevant if the rental increase notice is to be served electronically
Trade Descriptions Ordinance (Cap. 362): Ensures fair trading practices and accurate representations in commercial dealings, including rental arrangements and communications
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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