October 6th, 2012
Despite all the increased cost, short-sighted government keeps it the same as 2012
Many landlords are asking “How much can I raise the rent” next year.
Healthy Living, Seniors &Consumer Affairs Minister Jim Rondeau announced the 2013 maximum allowable increase will be only 1%
When Does this Change Take Place?
It comes into effect on January 1st, 2013.
How Does Rondeau Justify Another Low Rate for 2013?
Roondeau says “We understand how stressful it can be for students, seniors and low-income families to make ends meet.”
Sure, We All Have Financial Pressure, Including Small Business Landlords
Rondea continued by stating: “Rent guidelines help ensure fairness for renters and property owners by taking into account things like the cost of utilities, property taxes and other expenses involved in operating rental housing.”
In Ontario, the 2013 rent increase guideline is 2.5%
What a Non-Answer!
Yes. This low rate is yet another reason Manitoba landlords must be careful choosing good tenants.
How Can A Landlord Tell Their Tenants About the Increase?
According to the Residential Tenancies Act of Manitoba, a landlord is required to give proper written notice at leastthree months before the 1% rent increase is to take effect.
And What Forms Should I Use?
Rent increase forms are available from the Residential Tenancies Branch.
In most circumstances, rents can only be increased once a year.
Are There Any Exceptions to the Guideline?
Yes. The guideline applies to rented residential apartments, single rooms, houses and duplexes.
The exceptions include the following:
-Premises renting for $1,140.00 or more per month as of December 31st, 2012
-Personal care homes;
-Government Approved rehabilitated rental units;
-New buildings less than 15 years old where an occupancy permit was first issued or a unit was first occupied after April 9, 2001; and
-New buildings less than 20 years old where an occupancy permit was first issued or a unit was first occupied after March 7, 2005.
What Happens If My Tenant Disagrees With the Increase?
Tenants can object to any increase in rent regardless of whether it is at, below or above the guideline.
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