Increasing cost of utilities, no longer a reason to raise rents.

Written by:  ptcnetcanada   |    |  April 26th 2017 05:24 AM   |  Updated: April 26th 2017 05:24 AM
Increasing cost of utilities, no longer a reason to raise rents.

Increasing cost of utilities, no longer a reason to raise rents.

Written by:  ptcnetcanada
Last Updated: April 26th 2017 05:24 AM
Share us

The landlords in Ontario can no longer use the increasing cost of utilities as a reason to apply for an above-guideline rent increase on their units.

Prior to April 20, a landlord could apply to the board for an increase due to:

An extraordinary increase in municipal taxes, charges or utilities.

Eligible capital expenditures.

Operating costs related to security services.

The proposed legislation says- the government wants to change the Residential Tenancies Act to "no longer allow applications based on an extraordinary increase in the cost for utilities.

Share us

Top Stories

PTC Punjabi Canada
© 2025 PTC Network. All Rights Reserved. Powered by PTC Network