Wednesday, June 21, 2006

New Rent-Control Rules Cap Rent Increases

New rent-control rules tying increases to the consumer price index were passed by the Ontario Legislature.

The Residential Tenancies Act also caps above-guideline rent increases to pay for capital repairs to 3 % a year for a maximum of three years.

The legislation ensures a fairer eviction process -- one that's quicker for bad tenants and fairer for good tenants.

Ontario government wants to help good landlords and good tenants.

The Bill 109 tries to balance the interests of the rental housing market with the affordability needs of tenants.

The fact that Bill allows for vacancy decontrol is the killer.

Bill 109 passed third and final reading.

1 Comments:

Anonymous Ottawa apartments for ren said...

Someone isn't happy with the new law.

Look at the Ontario Residential Tenancies Act comments on the Ontario Tenants Rights website.

6:01 PM  

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