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A rent increase notice is a letter from a landlord informing a tenant of a rent hike. Such notices apply to month-to-month rentals or upon a fixed lease's expiration. To legally raise rent, landlords should follow these steps: 1. Determine the increase amount using area comparables from websites like rentometer.com. 2. Review the rental agreement, as rent cannot be raised during a fixed lease. 3. Check state laws regarding the notice period; while some states don't require advance notice, others may require 30 to 60 days. Landlords can increase rent as desired, unless the property is in a rent-controlled area, but they should consider a reasonable amount to retain good tenants.
