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A rent increase notice is a letter from a landlord informing a tenant of a forthcoming rent increase. Legally, rent increases can occur only for month-to-month rentals or after a fixed lease expires. To prepare for a rent increase, follow these steps: First, determine the increase amount using area comparables (e.g., rentometer.com). Second, review the rental agreement, as landlords cannot raise rent during a fixed lease. Third, check state-specific notice periods; some states require 30 to 60 days' notice before increasing rent. While landlords can generally raise rent as they choose, they should consider the potential impact on good tenants, particularly in rent-controlled municipalities.
