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A rent increase notice is a letter from a landlord informing a tenant of a rent hike. Legal rent increases apply to month-to-month rentals or after a fixed lease expires. To prepare for a rent increase, landlords should follow these steps: 1) Decide on the increase amount by comparing local rents using sites like Rentometer; 2) Review the rental agreement, as increases cannot occur during a fixed lease; 3) Check state notice requirements, as some states require 30 to 60 days' notice before raising rent. While landlords can generally increase rent without limits, they should consider the potential impact on tenant retention, especially for reliable tenants.
