Real Estate Investors in Ontario know there is a cap on an annual rent increase. This is governed by the Residential Tenancies Act, 2006.
Did you know that not all rental properties are subject to this ? Our clients are investing in Kitchener Waterloo properties with an important piece of knowledge – Do you know it ? Watch the video below to find out!
How much can you raise rent every 12 months on a residential tenant ? Depends !
Do you have questions about being a landlord ? Email Benjamin at Benjamin(AT)BenjaminBach.com with your questions!
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Related Links:
Ontario Residential Tenancies Act, 2006
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[...] BIG BONUS with buying newer condos is that properties built since Nov 1 1991 are partially exempt from rental increase guidelines laid out in the Residential Tenancies Act.
[...] Real Estate Investment Tip: Raising Rent on Rental Units in Ontario [...]