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A rent increase notice is a letter from a landlord to inform a tenant of a rent raise. It's applicable for month-to-month rentals or at the end of a fixed lease. To legally increase rent, landlords should first determine the increase amount using comparables from websites like Rentometer. Next, they must review the rental agreement, noting that rent cannot be raised during a fixed lease. It’s essential to check the state's notice period; some require 30 to 60 days’ notice before increasing rent. Landlords can set the rent amount as high as permissible, unless in rent-controlled areas. Careful evaluation of the increase is crucial to retain good tenants.
