Allowable Rent Increase for 2016

Here is information on the allowable rent increase for 2016 courtesy of PAMA:

Rent Increases

 Landlords can only increase the rent once a year by an amount permitted by law or an additional amount approved in advance by an arbitrator – they need to use the right form and give the tenant three full months’ notice of the rent increase. 
  • The maximum allowable rent increase changes each year. The limits for residential tenancies and manufactured home park tenancies are different. For residential tenancies, the standard allowable rent increase for 2016 is 2.9% 
  • For manufactured home park tenancies, the standard allowable rent increase for 2015 is 2.9% plus a proportional amount for the change in local government levies and regulated utility fees.

More details

At Downtown Suites we advise all owners of the regulations regarding rental in the province of BC.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Allowable Rent Increases for 2014

dollar shieldThe Residential Tenancy Branch has just issued a correction to the allowable rent increases for 2014 for conventional residential tenancies as follows:

Residential tenancies:

  • For a conventional residential tenancy rent increase that takes effect in 2014, the allowable increase is 2.2%.
  • The annual allowable rent increase for conventional tenancies is determined by the formula in the Residential Tenancy Regulation.
 The above information will be posted on the Residential Tenancy Branch website at www.rto.gov.bc.ca/; the RTB 24-hour Recorded Information Line will direct callers to the website.
At Downtown Suites, we keep our owners in touch with all the latest news and regulations, ensuring that all t’s are crossed and i’s are dotted!

 

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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.

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