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A rent increase notice is a letter from a landlord to a tenant informing them of a rent raise. This can occur in month-to-month rentals or after a fixed lease expires. To legally increase rent, follow these steps: 1) Decide on the amount to increase by researching area comparables on sites like Rentometer. 2) Review the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Check state regulations for notice periods; while some states require no notice, others mandate 30 to 60 days. Landlords can usually set any increase unless local rent control laws apply, but should consider the potential impact on tenant retention, especially for valued renters.
