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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 agreements or after a fixed lease expires. To increase rent, landlords should first determine the amount using local comparables, such as on rentometer.com. Next, they must review the rental agreement, as they cannot raise rent during a fixed lease. It's also essential to check state-specific notice periods; while some states impose no notice requirement, others mandate 30 to 60 days. Landlords can increase rent substantially unless rent control applies, but they should consider the potential impact on tenant retention, especially for reliable renters.
