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A rent increase notice is a letter from a landlord informing a tenant of a rent hike. Such notices are applicable for month-to-month rentals or after a fixed lease expires. To legally increase rent, landlords should follow these steps: 1. Determine the amount to increase by comparing local rents using sites like Rentometer.com. 2. Review the rental agreement, noting that rent cannot be raised during a fixed lease. 3. Check state laws regarding notice periods; some states require 30 to 60 days' notice before a rent increase. While landlords can set rent increases with few restrictions, they should carefully consider the amount to avoid losing good tenants.
