The 2017 rent increase guideline is 1.5 per cent and applies to most private residential rental accommodation covered by the Residential Tenancies Act. The guideline is the most a landlord can increase the rent without applying to the LTB.
The guideline is not applicable to:
- Vacant residential units
- Residential units first occupied on or after November 1, 1991
- Social housing units
- Nursing homes
- Commercial property
Ummm...It's 2017 , so on or after 1991 is 25+ years....
What The Heck ?
If you havn't lived in your apartment for 25 years the land lord can do anything he likes ?
Why don't you jus tshut down the whole Land Lord Tenant Board ? you're not protecting anyone if those are the rules ! Fire them all , they aint doing nothing for anyone , wasting their paychecks.
Sheesh.....
Voting Wynne in is a BIG loss for everyone !
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