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A rent increase notice is a letter from a landlord to a tenant indicating a rent hike. This notice can only be used for month-to-month rentals or after a fixed lease expires. To legally increase rent, landlords should follow these steps: 1. Decide on the increase amount using area comparables, like Rentometer.com. 2. Review the rental agreement, as rent cannot be raised during a fixed lease. 3. Check state notice requirements, as some states require 30 to 60 days' notice before raising rent. Landlords can generally set the rent as desired unless local rent control laws apply. It’s crucial to consider the increase size to retain good tenants.
