We’ve acquired Canada’s leading tenant screening provider, Naborly! 🎉 Learn More
Download Free Rental Application
Forms
What goes into evicting a tenant
in Canada?
Free residential tenancy agreements for every Canadian province
Find out how much it costs to evict a tenant in Canada
SingleKey 2021
Rental Reports
Tips, resources and advice for landlords and property managers
Northwest Territories Rent Increase 2023
The new rent increase guidelines in the Northwest Territories have been updated for 2023. Read our key points below and learn everything landlords need to keep in mind.
What’s New For 2023
There is no limit on rent increases in the Northwest Territories for 2023. If the landlord provides a tenant with 3 months of proper written notice, they can increase the rent on a residential rental unit to market price.
Rules For Increasing Rent
The landlord must give at least 3 months of written notice of the rent increase before it takes effect, and can only increase rent once in a 12-month period. In most cases, the rent for a residential unit can be increased 12 months after:
- The last legal rent increase
- The start date of tenancy
Rent Increase Notice Guidelines
To be effective, a rent increase notice must include:- The name and contact details of the landlord
- The address of the rental unit
- The current rent amount
- The new rent amount proposed
- The date when the increase will take effect
- The date and signature of the landlord
Don’t forget, if you do not give proper notice to the tenant before attempting to increase the rent, your tenant can dispute the increase.
Resolving Issues About Rent Increase
In the case where a tenant wants to object to the landlords’ rent increase, they would have to file for a hearing from the Residential Tenancies Office.
Get Your Rent Without The Stress
Set up automatic payments today with our Rent Collection tool.
Contact
- 226-605-6581
- info@singlekey.com
- 10 Dundas St E, Suite 600, Toronto, ON, M5B 2G9, Canada
- 42 Carden Street, Guelph, ON, N1H 3A2, Canada
The SingleKey Rent Guarantee coverage is provided by Lloyds 
, rated A+ by A.M. Best. Coverage is offered in the form of a surety performance bond. SingleKey is a participating member of Protected Cell Captive insurance company that is one hundred percent reinsured within the Lloyd’s Market rated A+ by A.M. Best.
, rated A+ by A.M. Best. Coverage is offered in the form of a surety performance bond. SingleKey is a participating member of Protected Cell Captive insurance company that is one hundred percent reinsured within the Lloyd’s Market rated A+ by A.M. Best.