SingleKey

Yukon Rent Increase

2021-2022

Rent increase guidelines look a little different in the Yukon this year. Read SingleKey’s summary below and find out what’s changed for 2022.

What’s new for 2022

The Yukon rent increase guideline for 2022 is 3.3%, 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 $1,033.

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:

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.

Rules For Increasing Rent In A Mobile Park

The rent increase guideline for 2022 in a mobile park is 1%. This means that 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 3 months of proper written notice.

Resolving Issues About Rent Increase

In a case where the tenant wants to object to the landlords’ rent increase, they would have to file for a review within 30 business days of receiving the notice to dispute the increase. The tenant has to complete the Application for Dispute Resolution to the Residential Tenancies Office.

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The SingleKey Rent Guarantee coverage is provided by Lloyds Lloyds Crest 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. 

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