In 2013 there have been new changes to the Landlord and Tenant Board. The Landlord and Tenant Board is a government service designed to provide information and resolve disputes between landlords and tenants in the province in Ontario.
Anyone who rents or manages properties in the province should strive to keep updated on regular changes implemented by the Board. Regular changes include things such as accessible forms, timelines for dispute resolution, amendments to the Residential Tenancies Act, and an annual update on the approved rate of rental increase.
This year, the Landlord and Tenant Board has advised that the annual Rent Increase Guideline will be 2.5%, meaning that this is the maximum percentage by which a landlord can increase the rent without first gaining approval from the Board.
For more information on changes to the Landlord and Tenant Board in 2013, or for a direct link to their website, please click here.
Leave a Reply