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A rent increase notice is a letter from a landlord to inform a tenant of a rent raise. Legal rent increases apply only to month-to-month rentals or after a fixed lease expires. To prepare for a rent increase, landlords should: 1) Decide the amount to increase using area comparables like Rentometer; 2) Review the rental agreement, as rent cannot be raised during a fixed lease; 3) Check state notice requirements, as some states mandate 30 to 60 days of notice. Landlords can generally raise rent freely unless controlled by local regulations, but they should consider the potential loss of good tenants when deciding the amount of increase.
