Add tag in the Notice of Rent Increase

Aug 6th, 2022
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How to add tag in the Notice of Rent Increase

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41 votes

thats what rent increases really Hot Topic at the moment obviously a lot of tenants out there worried that the landlord is going to raise their rent if they havent done so already I just wanted to talk about how a rent should be increased now theres something called a section 13 notice whenever a landlord or letting agent is increasing your rent they should serve you a section 13 rent increase so if your landlord is going to be ringing you this week and saying hey Ive decided to up your rent by 200 pounds thats not the right way to do things they should be serving you section 13 which will basically State when the rents going up by how much and when does the new rent start once this notice is served if you dont agree with it you can actually um within the first month appeal it and go to a rent assessment committee um good luck out there if you need any help Ill be posting some more videos about different section notices feel free to drop me a comment if theres any questions bu

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What a rent increase notice should include The date of the notice. Name and address of the property manager or landlord. Name and address of the tenant. Last day of the current lease. Amount of the increase. Date the increase goes into effect. Timeframe for tenant to accept increase or reject lease renewal.
You must give the tenant the Notice of Rent Increase at least 90 days before the date you will increase the tenants rent. machine in their home, send it by courier, or ▪ send it by mail. You cannot give the tenant this notice by posting it on the door of the tenants rental unit.
The N5 Notice is a notice to terminate tenancy in Ontario, Canada. It is given to a tenant who troubles other people, damages property, or causes overcrowding. The tenant has 20 days to make the necessary repairs or vacate the leased property.
This is called the rent increase guideline or the guideline. The guideline is set each year by the Ontario government. In 2024, its 2.5%. For some tenants covered by the RTA, a landlord can increase the rent by any amount, unless the rental agreement says something different.
A landlord must give a tenant at least 3 whole months notice, in writing, of a rent increase. For example, if the rent is due on the first day of the month and the tenant is given notice any time in January, even January 1st, there must be 3 whole months before the rent increase begins.
If you are protected by the rent guideline and your landlord asks you to agree to a higher increase, you can say no. You dont have to agree or sign anything. If you dont agree, your landlord can apply to the Landlord and Tenant Board (LTB) for permission to raise the rent by more than the guideline.

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