Document background
The Rental Price Increase Letter is a crucial document in New Zealand's residential tenancy system, used when landlords or property managers need to formally notify tenants of an increase in rental payments. This document must strictly comply with the Residential Tenancies Act 1986, which requires at least 60 days' written notice before any rent increase can take effect, and stipulates that rent increases can only occur once every 12 months. The letter must clearly state both the current and new rent amounts, the effective date of the increase, and ensure all calculations and timing comply with relevant legislation. It serves as both a legal notification and a formal record of the communication between landlord and tenant, protecting both parties' interests and ensuring transparency in the rental relationship.
