1) The annual guideline in Ontario, for example 2012 was set at 3.1%. Btw the next four years will only see a 2.5% capped increase each year, plus any AGI's that a landlord may apply for through the Landlord and Tenant Board
Originally Posted by wang888
2) Landlords can apply to the Landlord and Tenant Board for an increase above the guideline (an AGI), if their costs for the municipal taxes or utilities have increased by more than the guideline plus 50 per cent. Landlords can also apply for an increase above the guideline for operating costs related to security services and for eligible capital expenditures such as balcony or garage restorations, new windows, roof replacements and things like that which I think is totally unfair.
We fought a 1% AGI increase in 2010 and we just found out in early June that we lost. We hired a lawyer through the Tenant Association to write a legal brief for us then the Association represented the residents at the Rental Tribunal in early January without legal representation, but after the Hearing we realize that it wouldn't have made a difference. Two months ago we started hearing on our discussion board that we are getting nailed again this year with another 2.9% AGI this year as it is being hand written in on people's leases now. We have not received anything formal from the Landlord Tenant Board yet explaining what the AGI is for, nor the landlord. They did restore the underground parking garage in 2010 & 2011 so we think that's what we're getting hammered with.
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