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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. Legal rent increases can occur only in month-to-month agreements or after a fixed lease ends. To prepare for this, landlords should follow these steps: 1) Determine the amount of increase using area comparables, such as rentometer.com. 2) Review the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Check state-specific notice periods; some states mandate a notice of 30 to 60 days. Landlords can generally increase rent as desired unless in a rent-controlled municipality, but they should consider the potential impact on tenant retention when deciding the increase.
