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Laws for increasing price when renewing a lease in Ontario?
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Laws for increasing price when renewing a lease in Ontario?

Is there a law in Ontario that stipulates that the landlord can only increase a lease when it is renewed with the same person by a maximum percentage?
thanks


    

Esther S
Of course not.

Your lease might have a renewal provision that provides for that, but the law most certainly does not. Freedom of contract is quite a fundamental affair in Canada.

Check out the link on the other answer if you do not believe me.


editor@bcdisabilities.com
The 2008 guideline is 1. 4 per cent according the Landlord Tenant Board gov't website http://www.ltb.gov.on.ca/en/Key_Information/158150.html.

Each year the Ontario government announces the province’s rent increase guideline for the following year. The annual rent increase guideline is the maximum percentage by which a landlord can increase the rent for most sitting residential tenants without approval from the Landlord and Tenant Board.

The 2008 guideline is 1.4 per cent.

The new rent increase guideline applies to a rent increase that begins any time between January 1, 2008 and December 31, 2008 and applies to most residential units in Ontario.

In most cases, the rent for a unit can be increased if at least 12 months have passed since the tenant first moved in or since his or her last rent increase. The tenant must be given proper written notice of the rental increase at least 90 days before the rent increase takes effect.

The guideline was designed to take into account increases in landlords’ building maintenance and operating costs in order to protect tenant safety and health.





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