2012 Rent Increase Guideline Announced
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- Posts: 10
- Joined: July 27th, 2011, 9:09 am
Re: 2012 Rent Increase Guideline Announced
If you have a lease with your tenant, can you legally change the rates as long as you give proper notice?
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- Posts: 766
- Joined: July 5th, 2010, 11:54 pm
Re: 2012 Rent Increase Guideline Announced
Is it just me, or does anyone else think the bureaucrats have spent the past month working with the politicians to write the release and this Friday date was set long ago!
Dave
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- Posts: 54
- Joined: May 30th, 2011, 10:06 am
Re: 2012 Rent Increase Guideline Announced
http://www.therecord.com/news/canada/ar ... nge-system
I don't what to say in response to this other than everyone on these forums were right.
I don't what to say in response to this other than everyone on these forums were right.
- BigFoot
- Posts: 1696
- Joined: October 16th, 2009, 3:32 pm
Re: 2012 Rent Increase Guideline Announced
You can increase the rent, by no more than the legally mandated maximum (2011: 0.7%; 2012: 3.1%) no earlier than every 12 months. It doesn't matter whether or not you have a written lease. It doesn't matter if you just bought the property -- an increase can happen every 12 months, regardless of whether the landlord has changed.shaer32 wrote:If you have a lease with your tenant, can you legally change the rates as long as you give proper notice?
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