The Provincial Government has Set the 2012 Rental Property Maximum Increase Guideline
|The Ministry of Municipal Affairs and Housing has released the province's rent increase guideline for 2012. The 2012 guideline will be 3.1 per cent. For previous years' increase guidelines, please see the table below.|
These are the latest maximum rental increase guidelines
Under the Residential Tenancy Act and the law, the maximum allowable
rental increase in 2011 has been fixed at 0.7 per cent. The new rent
increase guideline applies to a rent increase that begins any time between
January 1, 2011 and December 31, 2011
SAMPLE RENT INCREASE GUIDELINE
The monthly rent of an apartment is $800 beginning August 1, 2010. With proper written 90 days notice to the tenant, the landlord could lawfully increase the rent 12 months later on August 1, 2011.
The guideline for 2011 is 0.7 per cent.
The guideline applies to most private residential rental accomodation covered by the Tenant Protection Act, 1997. The guideline does not apply to residential dwellings first occupied (by any owner or tenant) on or after November 1, 1991.
For more information on rent increases, please contact the Ontario Rental Housing Tribunal at 416-645-8080 or 1-888-332-3234.
Back to list of Real Estate Helpful Articles
If you have any questions or require further information, please send me an email.
Read a very detailed section about Power of Sale and Foreclosure
or go back to list of Real Estate Helpful Articles
Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale | All Pages including Mississauga Real Estate Blog all maintained by firstname.lastname@example.org Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434 Google First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Thursday, February 1, 2018 9:30 AM
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and or Meadowvale ) Ontario, Canada Real Estate Homes and Property Internet web site you will find relevant information to help you and your family.
|You will receive valuable Real Estate information on a monthly basis - such as: where to find the 'best' mortgage interest rates, Power of Sale Properties and graphs of current house price trends. Plus, you will pick up ideas, suggestions and excellent real estate advice when you sell or buy your next home.
Read Past Newsletters before you decide