The Lease Increase Notice is a crucial document in Hong Kong's property leasing landscape, used when a landlord wishes to modify the rental amount of a property during or at the end of a lease term. This document must be issued in accordance with Hong Kong's Landlord and Tenant (Consolidation) Ordinance and any specific notice periods stated in the original lease agreement. The notice typically includes the current rent, proposed new rent, effective date, and any justification for the increase. It serves multiple purposes: providing formal notification to the tenant, ensuring legal compliance, and creating a documented record of the rent modification. The timing and content of this notice are particularly important in Hong Kong's dynamic property market, where rent adjustments are common and must be handled with proper legal consideration.
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1. Date and Address Block: Current date and full addresses of both landlord and tenant
2. Property Identification: Clear identification of the leased premises including full address and any identifying numbers
3. Lease Reference: Reference to the existing lease agreement including its date and parties
4. Current Rent Statement: Statement of the current rent amount and payment terms
5. Rent Increase Details: Clear statement of the new rent amount and the percentage increase
6. Effective Date: Specific date when the new rent will take effect
7. Legal Compliance Statement: Statement confirming compliance with notice periods and other legal requirements
8. Signature Block: Space for landlord's or authorized agent's signature and details
1. Market Justification: Include when providing reasoning for the increase based on market conditions
2. Building Improvements: Include when rent increase is partially justified by improvements made to the property
3. Payment Instructions: Include when payment methods or details are changing along with the rent increase
4. Lease Terms Confirmation: Include when confirming that all other lease terms remain unchanged
5. Meeting Request: Include when offering to discuss the increase in person
1. Schedule A - Rent Calculation Breakdown: Detailed breakdown of how the new rent was calculated
2. Schedule B - Market Research Data: Supporting data showing comparable rents in the area (if relevant)
3. Schedule C - Building Improvements List: List of improvements made to the property (if relevant)
4. Appendix 1 - Copy of Relevant Lease Clauses: Copy of lease clauses pertaining to rent increases
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