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A rent increase notice is a letter from a landlord to a tenant notifying them of a rent increase. It can be issued for month-to-month rentals or after a fixed lease ends. To legally increase rent, follow these steps: 1. Determine the rent increase amount using local comparable rates from sites like Rentometer.2. Review the rental agreement, as landlords cannot raise rent during a fixed lease.3. Check state regulations on notice periods; some states require 30 to 60 days' notice before raising rent. Landlords can raise rent significantly unless rent control laws apply, but it's important to consider the potential impact on retaining good tenants.
