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A rent increase notice is a letter from the landlord to the tenant informing them of a rent raise. Rent can legally be increased for month-to-month rentals or at the end of a fixed lease. Consider using area comparables to decide on the amount of increase. Review the rental agreement before raising rent, as it cannot be raised during a fixed lease. Check your state's notice period, which can range from 30 to 60 days. Landlords can increase rent as much as they want, unless local rent control laws apply. Carefully evaluate rent increases to avoid losing good tenants.
