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A rent increase notice is a letter from a landlord to a tenant announcing a rent hike. This is applicable for month-to-month rentals or after a fixed lease ends. Key steps for legally increasing rent include: 1) Deciding on the increase amount using comparables from websites like Rentometer.com. 2) Reviewing the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Checking state-specific notice periods; some states require 30 to 60 days' notice before a rent increase. Generally, landlords can raise rent as much as they choose unless in rent-controlled municipalities, but they should carefully consider the increase to retain good tenants.
