Do you own a rental property in Manitoba? Familiarize yourself with the province’s new 2022 Rent Increase guidelines. Below, you’ll find all the key points and changes.
What’s new for 2022
The Residential Tenancies Branch implemented a two-year rent freeze on all residential units, preventing landlords from increasing rent in 2022 and 2023 to offset the costs of inflation. Rent for residential units remains at 2021 levels.
Although the rent freeze ends on December 31, 2023, landlords can give notice 90 days prior to a rent increase taking effect in 2024.
Rules for increasing rent
The guideline is the maximum a landlord can increase most tenants’ rent during a year without approval of the Residential Tenancies Branch. This means most residential rents cannot go up by more than the rent increase guideline for every year. The landlord has to provide a tenant with at least 90 days proper written notice in order to implement a rent increase.
The last rent increase
The start date of tenancy
Landlord Tenant Board Rent Increase Forms
Landlords are able to apply for the Residential Tenancies Branch for a larger increase limit if they can demonstrate that the implemented guideline amount cannot cover the expense increases incurred.
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