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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. Rent can only be raised for month-to-month rentals or at the end of a fixed lease. Consider area comparables to decide on the amount of increase and review the rental agreement to ensure legalities. Check state notice requirements, as some states have specific periods. Landlords can raise rent freely, but should be cautious not to lose good tenants, especially in rent-controlled areas.
