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A rent increase notice is a letter from a landlord to a tenant, informing them of a rent raise. Such notices are applicable only in month-to-month rentals or after a fixed lease ends. To legally increase rent, landlords should take the following steps: 1. Determine the amount to increase, using area comparables, such as Rentometer.com. 2. Review the rental agreement, as rent cannot be raised during a fixed lease. 3. Check state-specific notice periods since regulations vary; some states mandate 30 to 60 days' notice. While landlords can generally set any rent increase unless the property is in a rent-controlled municipality, they should consider a reasonable increase to retain good tenants.
