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A rent increase notice is a formal letter from a landlord to a tenant announcing a rent hike. Such notices are applicable for month-to-month rentals or after a fixed lease expires. Key steps for legally increasing rent include: 1) Determine the increase amount using local comparable rental data from sites like rentometer.com; 2) Review the rental agreement, as rent cannot be raised during a fixed lease; 3) Check state-specific notice requirements, which can range from no notice to 30-60 days. While landlords can set rent increases as they see fit in areas without rent control, they should consider the potential impact on tenant retention, especially for long-term, reliable tenants.