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Rent increase limit for 2024

Posted on September 11, 2023 by Roman Krzaczek

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

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Roman Krzaczek

Quadra Island Listings- Quadra Island Real Estate

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