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A rent increase notice is a letter from the landlord to inform the tenant about a rent hike. Legally, rent can only be increased for month-to-month rentals or at the end of a fixed lease. In preparing to raise the rent, landlords should consider area comparables, review the rental agreement, and check the state's notice period. Landlords can increase rent as desired, but should be cautious not to lose good tenants. Some municipalities control rent increases.