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A rent increase notice is a formal letter from a landlord to a tenant indicating a forthcoming rent raise. Legal rent increases can only occur for month-to-month rentals or after a fixed lease expires. To prepare for a rent increase, landlords should follow these steps: 1) Decide on the amount to increase, using comparable rental data from sites like Rentometer; 2) Review the rental agreement, noting that rent cannot be raised during a fixed lease; 3) Check state regulations on notice periods, as some require 30 to 60 days’ notice. Landlords can set rent increases as they choose unless local rent control applies. Caution is advised to avoid losing good tenants.
