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Rental Rate Increase Guideline in Ontario 2022.

Posted by TheRealtyBulls Canada on February 6, 2023

The rent increase guidelines in Ontario are set by the Ontario government and are based on the Consumer Price Index (CPI).

The rent increase cap for 2021 is 1.5%. This is the maximum amount a landlord can raise the rent without applying to the Landlord and Tenant Board for a larger increase.

For 2022, the rent increase cap will be 1.8%.

For 2023, the rent increase cap will be 2.2%.

Rent increases are limited to only once per year and must be done according to the rent increase guideline. Landlords must provide tenants with 90 days’ written notice if they plan to increase the rent.

Landlords must also follow the rules and regulations of the Residential Tenancies Act when it comes to renting increases.

What are the Landlord and Tenant Board guidelines?

The Landlord and Tenant Board is the government body that administers the Residential Tenancies Act. It is responsible for resolving disputes between landlords and tenants and can grant rent increases that exceed the rent increase guidelines set by the Ontario government.

To apply for a rent increase, landlords must submit an application to the Landlord and Tenant Board which includes information such as the amount of the proposed rent increase, the reason for the rise, and evidence to support the request. The Board will then review the application and make a decision based on the evidence and the merits of the appeal. If approved, the Board will issue an order setting out the new rent amount and the effective date of the increase.

Top 8 tips for landlord-tenant relations

1. Maintain open communication: Keep communication lines open between you and your tenant. This can be done through emails, phone calls, or in-person meetings.

2. Follow the law: Make sure to follow all applicable laws regarding landlord-tenant relations, such as the Residential Tenancies Act.

3. Respect the tenant’s privacy: Respect the tenant’s right to privacy. Do not enter the property without permission or notice.

4. Be reasonable: Make sure to be cheap regarding renting increases, repairs, and other issues.

5. Respect the tenant’s property: Make sure to respect the tenant’s property and not damage it.

6. Be organized: Keep records of all transactions, rent payments, and other important information.

7. Review the lease: Review the lease with the tenant regularly to ensure everyone is on the same page.

8. Keep the property in good condition: Make sure to keep the property in good condition. Please do not allow it to become run down or neglected.

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