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A rent increase notice is a letter from a landlord to a tenant informing them of a rent hike. It can be issued for month-to-month rentals or after a fixed lease expires. To legally increase rent, follow these steps: 1. Determine the amount to raise rent by comparing local rates using resources like Rentometer.com. 2. Review the rental agreement, as rent cannot be increased during a fixed lease.3. Check state-specific notice requirements; some states mandate notification periods of 30 to 60 days. Landlords may raise rent significantly unless restricted by local rent control laws. However, they should consider the implications of their increase to retain good tenants.
