Difference between revisions of "Rent Increase in Residential Tenancies (19:VI)"

Rent Increase in Residential Tenancies (19:VI) (view source)

197 bytes removed , 22:44, 15 November 2022

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 == '''B. New Lease with Same Tenant and Location''' ==
-In the case where a tenant is remaining in the same rental location, but circumstances require a new lease is signed, any change in rent is still controlled by RTA s 43 '''as if the new lease is an extension of the original lease.'''
+A landlord and tenant may agree to renew a fixed-term tenancy agreement with or without changes,
+for another fixed term. If a tenancy does not end at the end of the fixed term and no new agreement
-This means that if there was a rent increase in the last 12 months, the landlord is prohibited from increasing the rent for the new lease. If there wasn’t a rent increase in the last 12 months, the landlord can only increase the rent to the maximum annual allowable amount and is prohibited from increasing it again in the next 12 months unless they obtain the director’s approval pursuant to RTA s 43 (3).
+is entered into, the tenancy automatically continues as a month-to-month tenancy on the same terms.
+Rent can only be increased between fixed-term tenancy agreements with the same tenant if the notice
+and timing requirements for rent increases are met.
 == '''C. Hidden Rent Increases''' ==