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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. Legal rent increases can only occur for month-to-month rentals or after a fixed lease expires. To increase rent, landlords should: 1) Determine the amount of increase using local comparables from websites like Rentometer; 2) Review the rental agreement, as they cannot raise rents during a fixed lease; 3) Check state notice periods, which may require 30 to 60 days' notice before raising rent. Generally, landlords can set any increase unless the property is in a rent-controlled area, but they should consider tenant retention to avoid losing good tenants.
