Talk:Rent Increases (LTB): Difference between revisions
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Normally when a tenant rents a rental unit the landlord is entitled to raise the rent once every 12 months according to the statutory guideline amount. This paper however fills in the gaps with respect to what happens when a rental property is exempt from section 119 of the Act, specifically the rules relating to rent increases. | Normally when a tenant rents a rental unit the landlord is entitled to raise the rent once every 12 months according to the statutory guideline amount. This paper however fills in the gaps with respect to what happens when a rental property is exempt from section 119 of the Act, specifically the rules relating to rent increases. | ||
==Exemption Framework== | |||
Section 6.1(2), and (3) of the Act allows for landlords offering newly built property, meaning no person has occupied any part of the building prior to November 15, 2018, to be exempt from section 119 of the Act. In practical terms I have heard it suggested that once an initial lease term is up the landlord is permitted to raise the rent any amount they wish. The following perspective will argue why that belief is not only false but could end up costing landlords. | |||
Revision as of 04:13, 15 March 2020
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Summary
Normally when a tenant rents a rental unit the landlord is entitled to raise the rent once every 12 months according to the statutory guideline amount. This paper however fills in the gaps with respect to what happens when a rental property is exempt from section 119 of the Act, specifically the rules relating to rent increases.
Exemption Framework
Section 6.1(2), and (3) of the Act allows for landlords offering newly built property, meaning no person has occupied any part of the building prior to November 15, 2018, to be exempt from section 119 of the Act. In practical terms I have heard it suggested that once an initial lease term is up the landlord is permitted to raise the rent any amount they wish. The following perspective will argue why that belief is not only false but could end up costing landlords.
