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Re: Renting from Toronto Community Housing - Market Rent Units.

Posted by landlord2001 on 6/7/2009, 1:57 am, in reply to "Re: Renting from Toronto Community Housing - Market Rent Units."

If your rental unit was built after 1991, the LL can raise the rent to whatever the market will bear. This is a rule that irks many small landlords that own older units as it only benefits newer units that have less upgrades and maintenance/heating costs therefore less reason to raise rents. --Previous Message-- : It has happened but only rarely in the past : but legally can. : : With all the severe financial pressures on : the housing company due to downloading by : the provincial government and environmental : initiatives by the city I would be extremely : weary. : : --Previous Message-- : Hi All, : : My partner and I found a wonderful unit in : the heart of Downtown from the Toronto : Community Housing Market Rent division (see : link: : : http://regentparkplan.ca/market_rent_buildings : ). : : We've just received word that we've been : approved to receive the apartment, but after : taking a look at the tenant's handbook... I : feel a bit nervous. : : It looks like the Market Rent Units are not : rent controlled, which means that they might : go up in price every year (following a 90 : day notice of a rent increase). : : Since these units are not rent controlled, : I'm starting to wonder if our rent of : $1000.00/month could go up to 1500.00/month : (or more!) in just a year. : : Does anyone know anything about this? Have : they been known to drastically increase rent : prices after the end of the first year : lease? : : Cheers, : : Marianna. : : : : :

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Message Thread: Renting from Toronto Community Housing - Market Rent Units. - Marianna 5/24/2009, 2:39 pm Re: Renting from Toronto Community Housing - Market Rent Units. - Dan McIntyre 6/7/2009, 4:47 pm Re: Renting from Toronto Community Housing - Market Rent Units. - Carl 5/31/2009, 1:22 pm Re: Renting from Toronto Community Housing - Market Rent Units. - landlord2001 6/7/2009, 1:57 am « Back to thread

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