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A rent increase notice is a letter from a landlord to a tenant, informing them of an upcoming rent raise. Legal rent increases can occur with month-to-month rentals or at the end of a fixed lease. To prepare for a rent increase, follow these steps: 1) Determine the amount to raise rent by comparing local rates using websites like Rentometer. 2) Review the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Check your state's notice period; while some states may not require any notice, others mandate 30 to 60 days. Landlords can typically raise rent as desired, unless in rent-controlled municipalities, but should consider the potential impact on tenant retention.
