British Columbia, Manitoba Announce Rent Increase Limits for 2016

by Chris on September 14, 2015

British Columbia Rent Increases

British Columbia has announced that the allowable rent increase for 2016 is set at 2.9%.

This figure represents the maximum amount that rent can be increased for many residential rental properties. Generally, rent increases are only allowed once per year.

tenant screeningLandlords must provide notice to tenants at least three full months in advance of any rent increase.

The allowable rent increase figure changes each year. There are separate rules for manufactured housing. Subsidized housing, where rent is related to the tenant’s income, is not subject to rent increase laws.

It is important to note that the rent increase figure cannot be rounded up  — like rounding from $999 to $1,000 — if that would bring the rent increase over the 2.9% figure.

The Residential Tenancies Office can provide necessary forms and additional information concerning rent increases.

Manitoba Rent Increases

Manitoba has set the rent increase guideline for 2016 at 1.1 percent. That increase becomes effective January 1, 2016.

In order to increase rent, landlords must provide proper notice to tenants at least three months prior to the proposed rent increase. Check with the Manitoba Residential Tenancies Branch for notice forms.

In most cases, rent can only be increased once per year.

According to Manitoba RTB, the guideline applies to most rented residential apartments, single rooms, houses and duplexes. However, some rentals may be exempt, including

Those renting for $1,435 or more per month as of December 31, 2015;

Personal care homes and approved rehabilitated rental units; and,

New buildings less than 15 years old where an occupancy permit was first issued or a unit was first occupied after April 9, 2001 and new buildings less than 20 years old where an occupancy permit was first issued or a unit was first occupied after March 7, 2005.

Landlords can apply for a larger increase if they can demonstrate that the guideline amount will not cover cost increases they have incurred.

For more information, contact the branch office nearest you.

This post is provided by Tenant Verification Service, Inc., helping landlords reduce the risks of renting with fraud prevention tools that include Tenant Screening, Tenant Background Checks, (U.S. and Canada), as well as Criminal Background Checks, and Eviction Reports (U.S. only).

Click Here to Receive Landlord Credit Reports.

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.

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