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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. Legally, this notice applies only to month-to-month rentals or after a fixed lease ends. To increase rent, landlords should first determine the amount using local comparables from sites like rentometer.com. Next, they must review the rental agreement, as rent cannot be raised during a fixed lease. It's also crucial to check state laws regarding notice periods, which can range from 30 to 60 days in some states. While landlords can raise rent significantly unless in rent-controlled areas, they should consider the potential impact on tenant retention, particularly if tenants are reliable.