New Maximum Rental Increase Posted

Downtown Suites Property Manager advises of the update from the provincial Government from the Residential Tenancy Office website:

Allowable Rent Increases for 2011

For a conventional residential tenancy rent increase that takes effect in 2011, the allowable increase is 2.3 per cent.

The annual allowable rent increase for conventional residential tenancies is determined by the formula in the Residential Tenancy Regulation.

For more information on this and other relevant regulations and legislation, contact us at Downtown Suites.