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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. Legal rent increases apply only to month-to-month rentals or after a fixed lease expires. Steps for increasing rent include: 1) Deciding on the amount by checking local rental comparables, such as on rentometer.com; 2) Reviewing the rental agreement, as increases are not allowed during a fixed lease; 3) Checking state regulations regarding notice periods, which can range from 30 to 60 days in some states. While landlords can generally raise rent as desired, they should consider the potential impact on good tenants to avoid losing them.
