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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. This notice applies to month-to-month rentals or upon the expiration of a fixed lease. Key steps for legally increasing rent include: 1) Determining the amount of increase using area comparables from websites like Rentometer. 2) Reviewing the rental agreement, as landlords cannot raise rent during a fixed lease. 3) Checking state notice periods, which can vary from 30 to 60 days, with some states not requiring prior notice. Landlords can generally raise rent significantly unless municipality regulations are in place, but should consider raising rent carefully to retain good tenants.
