How Much Can Manitoba Landlords Raise the Rent in 2015?

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Canadalandlords
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How Much Can Manitoba Landlords Raise the Rent in 2015?

#1 Unread post by Canadalandlords » June 6th, 2015, 7:26 pm

How Much Can Manitoba Landlords Raise the Rent in 2015?

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The rent increase guideline for 2015 is 2.4%

New regulations passed earlier this year also strengthen requirements for exemptions from the rent regulation when landlords make renovations, and will limit how often landlords can apply for those exemptions. The changes will also spread the cost of some improvements over a longer period, which could result in smaller rent increases.

The rent guideline applies to most residential rental properties, including apartments, single rooms, houses and duplexes.

It does not apply to units renting for $1,435 or more per month as of Dec. 31, 2014; personal care homes; non-profit housing with subsidized rent; approved rehabilitated rental units; and new buildings that are less than 15 years old, where an occupancy permit was first issued or a unit first occupied after April 9, 2001, or less than 20 years old, where an occupancy permit was first issued or a unit first occupied after March 7, 2005.

Read more at: http://manitobalandlords.ca/2014/09/12/ ... t-in-2015/

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