Showing posts with label Renters' Information and Tips. Show all posts
Showing posts with label Renters' Information and Tips. Show all posts

Wednesday, April 8, 2009

New "tenant tax"?

If the City council approves, owners of small apartment buildings, with six or fewer units, will be required to obtain a license at a cost of $150 per unit every five years to allow for city inspections to ensure housing standards are met.

The new rules would allow bylaw officers to blitz neighbourhoods they believe to be rife with problems, but they would still have to give a month's notice to tenants and landlords before inspecting inside homes.

Tuesday, January 13, 2009

Rent Increase Guideline

The Ontario Government has set the rent increase guideline at 1.8% for 2009.

This is the maximum amount a landlord can increase rent for a current tenant, if at least 12 months have passed since the move in date. A landlord must give at least 90 days written notice to tenants before enforcing the rent increase.

This amount does not apply if you are renting to new tenants or those not covered by the Residential Tenancies Act.