RSS

Rent increase limit for 2024

Rent increase limit for 2024

When issuing a new notice of rent increase, a landlord must:

  • Use the approved notice of rent increase form

  • Use up to the maximum amount for 2024: 3.5%

  • Give the tenant no less than three full months before the notice takes effect. For example:

  • If rent is due on the fifteenth of each month, notice must be given before October 14, 2023 and the first increased rent payment will be due January 15, 2024

Comments:

No comments

Post Your Comment:

Your email will not be published
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.