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Rent increase notices: how and when to raise rent
Notice periods by lease type, how to write the letter, and how to keep good tenants through an increase.
Rent increases
Raising rent is necessary, but how you do it determines whether your best tenant renews or walks.
Get the mechanics right
- Check the required notice period for your lease type and state
- Put the increase in writing with a clear effective date
- Give as much notice as you reasonably can
A modest, well-communicated increase almost always beats a vacancy.