Document background
The Letter of Intent to Raise Rent is a crucial document in New Zealand's property management landscape, designed to formally notify tenants of an impending rent increase. This document must comply with the Residential Tenancies Act 1986, which mandates a minimum 60-day notice period and restricts rent increases to once every 12 months. The letter serves multiple purposes: it provides legal notice of the intended increase, maintains clear communication with tenants, and creates a documented record of the notification. It should be used whenever a property owner or manager plans to increase rent and must include specific details such as the property address, current rent, new rent amount, and the effective date of the increase. The document is particularly relevant in both residential and commercial tenancies, though the specific requirements may vary between these contexts.
