ALLOWABLE PERCENTAGE
RESIDENTIAL RENT INCREASE FOR 2012
In accordance with the
Rental of
Residential Property Act,
the
Island Regulatory and Appeals Commission has determined that the allowable
percentage increase for residential rent during 2012 shall be as follows:
-
3.2 percent for heated residential premises;
-
2.0 percent for unheated residential premises; and
-
1.0 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
Act.
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
website at
www.irac.pe.ca/rental/ or at any Access PEI location.
DATED at Charlottetown, this
15th day of September, 2011.
See
related Order
Posted: 2011/09/16 |