Rent increase in Maine

[Lisa Cutshaw]

I am getting ready to have all of my tenants sign a new lease, as the old one is up and they are now technically month-to-month. I just saw that Maine requires a 45-day notice before a rent increase can go into effect. I'm assuming that means I need to send a letter to the tenants informing them that we will be raising the rent and then have the new lease take effect at that 45-day mark in the future. Does anyone have experience with this in Maine? Am I interpreting this correctly?

Going forward, I'm assuming that each year I'll need to send a notice 2 months before the end of the lease informing them of a rent increase.

Thanks for your help.