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A rent increase notice is a letter from a landlord to a tenant indicating a rent hike. It can only be issued for month-to-month rentals or upon the expiration of a fixed lease. To legally increase rent, landlords should follow these steps: 1. Determine the amount of rent increase using area comparables from websites like rentometer.com. 2. Review the rental agreement, as landlords cannot raise rent during a fixed lease. 3. Check state notice requirements; while some states may require no notice, others necessitate 30 to 60 days' notice.Landlords can increase rent significantly unless the property is in a rent-controlled area. They should assess the increase carefully to retain good tenants.
