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A rent increase notice is a formal letter from a landlord to a tenant notifying them of a rent hike. Such notices can only be issued for month-to-month rentals or after a fixed lease expires. To legally increase rent, landlords should first determine the amount by researching local rental comparables. Next, they must review the rental agreement, as rent cannot be raised during a fixed lease. It's also essential to check state regulations, as notice periods can range from none to 30-60 days. While landlords can generally raise rent as needed, they should consider the potential impact on tenant retention, especially for valuable renters.
