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A rent increase notice is a letter from a landlord to a tenant, indicating a rent raise. Such notices apply to month-to-month rentals or at the end of a fixed lease. To legally increase rent, landlords should follow these steps: 1. Determine the increase amount using local comparables, such as Rentometer.com.2. Review the rental agreement, noting that rent cannot be raised during a fixed lease.3. Check state notice requirements; some states mandate 30 to 60 days' notice prior to a rent increase. Generally, landlords can raise rent significantly unless located in a rent-controlled area. It is advisable for landlords to consider the impact of rent increases on tenant retention, especially for valued tenants.
