Notice of Rent Increase (N1)
Increase Rent on Consent
Residential Tenancies Act, 2006, S.O.
121 (1) A landlord and a tenant may agree to increase the rent charged to the tenant for a rental unit above the guideline if,
- (a) the landlord has carried out or undertakes to carry out a specified capital expenditure in exchange for the rent increase; or
- (b) the landlord has provided or undertakes to provide a new or additional service in exchange for the rent increase.
123 (1) A landlord may increase the rent charged to a tenant for a rental unit as prescribed at any time if the landlord and the tenant agree that the landlord will add any of the following with respect to the tenant’s occupancy of the rental unit:
- 1. A parking space.
- 2. A prescribed service, facility, privilege, accommodation or thing. 2006, c. 17, s. 123 (1).
Application
(2) Subsection (1) applies despite sections 116 and 119 and despite any order under paragraph 6 of subsection 30 (1). 2006, c. 17, s. 123 (2).
124 An agreement under section 121 or 123 is void if it has been entered into as a result of coercion or as a result of a false, incomplete or misleading representation by the landlord or an agent of the landlord.
125 A landlord shall decrease the rent charged to a tenant for a rental unit as prescribed if the landlord and the tenant agree that the landlord will cease to provide anything referred to in subsection 123 (1) with respect to the tenant’s occupancy of the rental unit.
