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A rent increase notice is a letter from a landlord informing a tenant of a rent raise. Rent increases can occur only in month-to-month rentals or after a fixed lease expires. To legally increase rent, landlords should follow these steps: 1) Determine the increase amount using local comparables from sites like Rentometer; 2) Review the rental agreement, as they cannot raise rent during a fixed lease; 3) Check state regulations on notice periods, as some require 30 to 60 days' notice. Landlords can raise rent significantly unless local rent control laws apply, but they should consider the impact on retaining good tenants when deciding on the amount of the increase.
