ONTARIO’S YEAR LONG RENT FREEZE IS ABOUT TO EXPIRE

Last year, in response to the COVID-19 pandemic, the Ontario government passed legislation to freeze rent at the 2020 level for most rental units governed by the Residential Tenancies Act. This rent freeze will end on December 31, 2021. Beginning January 1, 2022, Landlords and property managers are able to enforce a 1.2% rent increase.

This 1.2% rent increase can take place anytime between January 1, 2022, to December 31, 2022. Landlords must provide tenants with a minimum of 90 days’ notice before the rent increase comes into effect. This mean Landlords and property managers wishing to increase rent beginning January 1st, 2022, should have provided notice of the rent increase to their tenants on October 4, 2021. Notice of rent increase must be provided in writing using the correct Landlord and Tenant Board form.

The Ontario government indicated that rent increases can only be applied to tenancies that have been in effect for at least 12 months and have not been subjected to rent increase in the last 12 months.

Have any questions about your Landlord rights? Call the experts at Frank Feldman Law today!
 

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