If you are a tenant or a landlord in Ontario, you are likely aware of the Residential Tenancies Act which regulates rent increase amounts every year. These rental increase guideline do not apply to every unit. You may be surprised to discover your unit does not fall under this Act.
The Residential Tenancies Act prescribes that the provincial rental increase guidelines do not apply to rental units that were:
–not occupied for any purpose before June 17, 1999
–any rental unit no part of which has been previously rented since July 29, 1975
–or any rental unit in a building no part of which was occupied for residential purposes before November 1, 1991. This would include commercial office space which was converted to residential occupancy after this date.
It will pay you to know when your building was built and a little of its recent history.