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A rent increase notice is a letter from a landlord to a tenant informing them of an impending rent increase. Such notices are applicable only for month-to-month rentals or after a fixed lease ends. When planning a rent increase, landlords should take the following steps: 1. Determine the new rent amount using area comparables from sites like rentometer.com. 2. Review the rental agreement, as rent cannot be raised during a fixed lease. 3. Check state regulations regarding notice periods; while some states don't require notice, others demand 30 to 60 days' notice before increasing rent. Landlords can generally set any rent increase unless local rent control laws apply, but they should carefully consider the increase to retain desirable tenants.
