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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 only occur in month-to-month rentals or after a fixed lease ends. To prepare for a rent increase, follow these steps: 1) Determine the increase amount by comparing local rents using websites like Rentometer.com. 2) Review the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Check state notice requirements, which can range from 30 to 60 days. While landlords can typically raise rent as desired, they should be cautious to avoid losing good tenants, especially in municipalities with rent control regulations.
