Rental Property Management Glossary – Can a landlord increase the rent?
Yes, landlord may increase rent during a tenancy, as long as the timing, amount, requisite form and notice period are followed the RTA (Residential Tenancy Act) and Regulations.
Rent can be increased no sooner than 12 months after the rent was initially established or increased
A rent increase is limited to the maximum annual allowable amount. For residential tenancies, the standard allowable rent increase for 2020 is 2.6%.
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We believe that three basic factors influence the selection of a property manager. 1. Word-of-mouth & Web-site Everybody knows that people tend to listen to word-of-mouth from friends who had a good experience with a specific property manager. They seek out others who...
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Yes, to rent your residential property in the area of City of Vancouver, property owner needs a rental property business licence, even if you hire a property manager. This includes the typical One-family dwelling, apartment house, and also laneway house and secondary...
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