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A rent increase notice is a letter from a landlord informing a tenant of a rent hike. Legal increases can occur in month-to-month rentals or after a fixed lease ends. Steps to increase rent include: 1) Deciding on the amount based on area comparables, such as rentometer.com; 2) Reviewing the rental agreement, as landlords can't raise rent during a fixed lease; 3) Checking the state's notice period, which varies between 30 and 60 days in some states. While landlords can raise rent significantly unless in a rent-controlled area, they should consider the impact on good tenants to avoid losing them.
