Rent Decrease (RTA)
From Riverview Legal Group
| Caselaw.Ninja, Riverview Group Publishing 2021 © | |
|---|---|
| Date Retrieved: | 2024-10-02 |
| CLNP Page ID: | 2045 |
| Page Categories: | |
| Citation: | Rent Decrease (RTA), CLNP 2045, <>, retrieved on 2024-10-02 |
| Editor: | Sharvey |
| Last Updated: | 2023/01/17 |
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O. Reg. 516/06: GENERAL under Residential Tenancies Act, 2006, S.O. 2006, c. 17
12. (1) The rules set out in this section apply in calculating lawful rent under subsection 111 (3) of the Act. O. Reg. 516/06, s. 12 (1).
- (2) The lawful rent for any rental period in the 12-month period shall be calculated in the following manner:
- 1. Add the sum of the rents that are actually charged or to be charged in each of the rental periods in the 12-month period to the largest eligible discount determined under subsection (6).
- 2. Divide the amount determined under paragraph 1 by the number of rental periods in the 12-month period.
- 3. Add to the amount determined under paragraph 2 any rent increases under section 123 of the Act and subtract from that amount any rent decreases under section 125 of the Act. O. Reg. 516/06, s. 12 (2).
