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A rent increase notice is a letter from a landlord informing a tenant of a rent raise. It can be legally issued for month-to-month rentals or after a fixed lease expires. To prepare for a rent increase, landlords should: 1) determine the amount by using local comparables, such as rentometer.com; 2) review the rental agreement, as rent cannot be raised during a fixed lease; and 3) check the state’s notice period, which may vary from no notice to 30-60 days’ notice. Landlords can generally raise rent as desired unless in a rent-controlled municipality, but should consider a reasonable increase to retain good tenants.
