This is a notice provided by the Landlord to Tenant explaining that once the lease term has expired. Tenant has the option of vacating the premises or remaining on the premises provided that they abide by the posted rent increase.
Landlord And Tenant Board Rent Increase For 2023
State:
California
Control #:
CA-1054LT
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out California Letter From Landlord To Tenant About Intent To Increase Rent And Effective Date Of Rental Increase?
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FAQ
Section 48(1) of the RTA permits the landlord to give notice of termination to a tenant if the landlord, in good faith, requires the unit for residential occupation for a period of at least one year by the landlord, a specified family member or a caregiver. This notice is often referred to as a "N12 notice".
Rent increases in B.C. are now capped at 3.5 per cent for 2024, ing to a September 11 announcement by the Ministry of Housing.
The 2023 rent increase limit is 2%. Find out if the Residential Tenancy Act covers your tenancy.
The rent increase guideline for 2023 is 2.5%. The guideline is based on the Ontario Consumer Price Index, a measure of inflation calculated monthly by Statistics Canada that reflects economic conditions over a 12-month period (June to May).
N10 is used when a landlord and tenant agree to increase the rent by more than the rent guideline. You can file Form L1 and Form L2 applications using e-File.