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A rent increase notice is a letter from a landlord to a tenant indicating a rent hike. Legal rent increases apply to month-to-month rentals or upon a fixed lease's expiration. Key steps for landlords include: 1) Determining the rent increase amount using area comparables from sites like Rentometer.com; 2) Reviewing the rental agreement, as increases are not allowed during a fixed lease; 3) Checking state notice period requirements, which can range from 30 to 60 days. While landlords can increase rent significantly unless local rent control exists, they should assess the increase carefully to retain good tenants.
