Area of Law: Landlord and Tenant
Answer # 448
Rent increasesRegion: Ontario Answer # 448
Although there are guidelines in place under the Commercial Tenancies Act, rents are generally determined by market rates and negotiations between the parties. Generally, a landlord and tenant will negotiate the amount of rent and any rent increases, and include the details in the lease. The terms of the lease will overrule any guidelines in the Act. If a landlord wants to raise the rent more than the lease allows, they will have to wait until the lease expires. To protect a tenant from a steep rent increase or eviction, many leases give the tenant the right to renew the lease for a pre-set amount of rent.
For additional information on commercial tenancies, visit the Ministry of Municipal Affairs and Housing at mah.gov.on.ca.
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For advice about commercial rent increases, you should consult a lawyer.
For legal advice and assistance with residential tenancies, contact our preferred Landlord and Tenant experts:
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