How do Nova Scotia’s new rent increase guidelines affect your properties? Read on for a list of changes and key points compiled by our experts at SingleKey.
The Nova Scotia rent increase guideline for 2023 is 2%, which means if the landlord provides a tenant with proper written notice, they can increase the rent on a residential rental unit from $1,000 to $1,020.
The landlord must give proper written notice of the rent increase before it takes effect.
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.
The rent increase guideline for 2023 in a mobile park is 1%. This means the rent can be increased from $1,000 to $1,010. In order for a landlord to increase the rent in a land-lease community, they would need to provide the tenant with 7 months of proper written notice.
Landlords of land-lease communities must use Form M – Notice of Rent Increase for Manufactured Home Space to give their tenants proper notification of the increase. If the landlord wants to increase the rent by more than the Annual Allowable Rent Increase Amount, they would have to apply to the Director of Residential Tenancies.
In order to be considered for the additional increase, the landlord must complete the following forms:
In a case where the tenant objects to the rent increase, they can dispute the cause to the Residential Tenancies Program or they can choose to terminate the lease with the landlord. The tenant would have to fill out Form C – Tenant’s Notice to Quit before the rental agreement expires.
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