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A rent increase notice is a letter from the landlord to the tenant, informing them of a rent hike, which can only be used for month-to-month rentals or upon the end of a fixed lease. To legally increase rent, consider the amount based on area comparables, review the rental agreement, and check the state's notice period. Landlords can increase rent as they wish, except in rent-controlled municipalities. Carefully evaluate the increase to avoid losing good tenants in the process.