RESIDENTIAL RENT INCREASE FOR 2009
In accordance with the
Residential Property Act,
Island Regulatory and Appeals Commission has determined that the allowable
percentage increase for residential rent during 2009 shall be as follows:
9.00 percent for
heated residential premises;
3.00 percent for
unheated residential premises; and
3.00 percent for a
mobile home site only in a mobile home park.
Lessors who believe their
special circumstances justify a rent increase above the allowable percentage
may apply to the Director of Residential Rental Property pursuant to Section
23 of the
Forms related to rent
increases within or above the allowable percentage and general information
regarding the Act are available from the Office of the Director of
Residential Rental Property, Fifth Floor, National Bank Tower, 134 Kent
Street, P. O. Box 577, Charlottetown, PEI, C1A 7L1, at the Director’s
www.irac.pe.ca/rental/ or at any Access PEI location.
DATED at Charlottetown, this
12th day of September, 2008.