For a conventional residential tenancy rent increase in British Columbia that takes effect in 2012, the allowable increase is 4.3 per cent.
This is higher than last year’s increase guideline of 2.3%.
The annual allowable rent increase for conventional residential tenancies is determined by the formula in the Residential Tenancy Regulation.
For a manufactured home park tenancy rent increase that takes effect in 2012, the allowable increase is 4.3 per cent plus a proportional amount. See the RTO for more information about manufactured home park tenancy rate increases.
Residential Tenancy Branch forms required for rent increases are available online at the RTO website.
Tenants aged 60 and over may be eligible for rent subsidies under the BC Housing SAFER program. Low-income families may be eligible for rent subsidies through the Rental Assistance Program. Further information is available from BC Housing at 1-800-257-7756.
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Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.