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Allowable Rent Increases
Allowable rent increases are governed by the
Rental of Residential Property Act.
Subsections 23(1) to 23(4) of the
Act read as follows:
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Permitted increase |
23. (1) Except as provided in subsection (3) and notwithstanding the
terms of any rental agreement, the amount of any rent increase between January 1 and
December 31 of any year shall not exceed the percentage amount which is established by an
order of the Commission and published in the Gazette. |
|
Representations |
(2)
The Director shall invite written representations from lessors and
lessees to assist in establishing the annual prescribed percentage rent increase. |
|
Application for additional
increase |
(3)
Where the lessor seeks a rent increase greater than the amount
permitted by subsection (1), the lessor shall apply to the Director for approval of the
proposed increase not later than ten days after notifying the lessee. |
|
Application for review by lessee |
(4)
Where the lessor seeks a rent increase equal to or less than the
percentage amount permitted by subsection (1), the lessee may apply to the Director, not
later than ten days after being served with the notice of rent increase, to have the
Director review the rent increase being sought. |
Allowable rent increases
approved by the
Island Regulatory and Appeals Commission
pursuant to Subsection 23(1).
|
Year |
|
Allowable
Rent Increase |
|
2010 |
Heated premises:
Unheated premises:
Mobile home site only in a mobile home park: |
2.00%
2.00%
2.00% |
|
2009 |
Heated premises:
Unheated premises:
Mobile home site only in a mobile home park: |
5.00%
3.00%
3.00% |
|
2008 |
Heated and
unheated premises:
Mobile home site only in a mobile home park: |
1.00%
0.00% |
|
2007 |
Heated and
unheated premises:
Mobile home site only in a mobile home park: |
3.00%
1.00% |
|
2006 |
Unheated Premises:
Heated Premises: |
3.5%
7.5% |
|
2005 |
- |
2.00% |
|
2004 |
- |
2.00% |
|
2003 |
- |
3.00% |
|
2002 |
- |
2.25% |
|
2001 |
Unheated Premises:
Heated Premises: |
1.25%
3.75% |
|
2000 |
- |
1.50% |
|
1999 |
- |
1.00% |
|
1998 |
- |
1.50% |
|
1997 |
- |
1.50% |
|
1996 |
- |
2.00% |
|
1995 |
- |
0.00% |
|
1994 |
- |
2.50% |
|
1993 |
- |
1.00% |
|
1992 |
- |
3.00% |
|
1991 |
- |
4.50% |
|
1990 |
- |
4.00% |
|
1989 |
- |
4.00% |
The Order of
the Commission approving the 2010 allowable increase
can be accessed
here.
Page Last Reviewed
or Updated:
2009-09-15
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