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Digital sign notice of rent increase

welcome to landlord self help center's module about the n1 notice for rent increase the information offered in this presentation is intended as general information it is not legal advice if you need more information please contact a legal service provider there are important things to consider when serving a form n1 to your tenant this notice can only be served to the tenant once every 12 months you can only increase by the approved guideline unless you obtain special permission from the landlord and tenant board to increase by a higher amount do not round up use the exact amount calculated or round down rounding up would mean an illegal rent increase make sure to serve the notice properly so you don't waste time as a result of the kobit 19 pandemic the government of ontario passed bill 204 helping tenants and small businesses act on october 1st 2020 this act freezes rent increases from january 1st to december 31st 2021. notices given to take effect during this period will be deemed void schedule 7 of bill 204 helping tenants and small businesses act allows for a few exceptions to the rent freeze one exception to the rent increase freeze is for sections 121 and 123 of the residential tenancies act where there is an agreement to increase rent based on additional facilities privileges or services that are being added to the rental unit before serving your tenant with a notice of rent increase for these exceptions check with the legal service provider to make sure it is being done lawfully according to the residential tenancies act rent is an amount of money given to a landlord or landlord's agent in exchange for the right to occupy the rental unit and a tenant is a person who pays rent for the right to occupy the unit rent increases cannot be done because the tenant brought extra people into the rental unit under the residential tenancies act tenants are allowed to have other people live with them and they do not have to get the landlord's permission refer to the other landlord self-help center modules for termination options rent can be increased by the annual guideline amount every 12 months after providing the tenant with the proper 90-day notice the annual rent increase guideline is announced by the ministry of municipal affairs and housing by august 31st of the previous year and the calculation is based on the ontario consumer price index see landlord self help center's website for more information and a history of guideline increases if you don't provide your tenant with a rent increase every 12 months you forfeit the increase you are not allowed to backtrack and collect on missed increases permission is not needed from the landlord and tenant board when doing an increase by the guideline amount but make sure to follow the rules and use the proper n1 notice when calculating the increased amount simply take the monthly rent and multiply it by the appropriate guideline percentage the example with the 1200 monthly rent shows the allowable increase for 2020 is 26.40 when serving the n1 form the new rent amount can be listed as 1226.40 or you may want to round it to one thousand two hundred and twenty six dollars do not run the amount up as this is incorrect and would make it an illegal rent increase for an increase to take effect on january 1st 2020 form n1 should have been served to the tenant by the end of september 2019. when listing the tenants include names of those who are identified on your tenancy agreement as tenants or in the case of verbal tendencies include names of only those who have been paying the rent as well as their address even though it may seem to be repetitive if your tenant uses a nickname include both their legal name and their nickname if you have a joint tenancy with two or more tenants together on one agreement make sure to include all their names the same applies with landlords include the full name and address of all landlords for a rental unit it is very important for the address of the rental unit to include the full address and specify exactly where the tenant is living such as the main floor basement or upper floor this section shows the start date for the increased rent amount along with the new monthly total the tenant is expected to pay the explanation section of the notice is used to inform the tenant that the increase is based on the allowable amount for the year it indicates the amount of the increase and the percentage that was used to calculate it there are a few different ways to increase the rent but the most common is the annual guideline increase the other section of the n1 notice refers to above guideline increases and since landlord self help center does not advise on this area of the law we will not be explaining them in this module always make sure to read and understand the entire notice before serving it to your tenant this is a legal document and it should be reviewed before you sign it if there are multiple landlords only one of them needs to sign the notice the date next to the signature is the date the notice will be given or sent to the tenant review the notice to make sure there are no mistakes that you understand what you are giving to the tenant and keep a copy for yourself if there are multiple tenants make a photocopy for each the notice should be signed by the landlord unless the landlord has hired a lawyer or paralegal to be the representative and they are serving the notice on the landlord's behalf the date next to the signature should be the date the n1 notice is given or sent to the tenant make sure to deliver the notice to the tenant according to the landlord and tenant board rules improper service will result in you having to start the process all over again the most common methods of service are delivery in person to the tenant sliding it underneath the unit door or putting it in the mailbox as long as you do not require a key to access the mailbox never post this notice on the unit door or send it by text message as these are improper methods of service and will make the notice invalid as of december 15 2018 landlords and tenants can agree to service by email while it is not mandatory to use this form it is suggested that you document the agreement with your tenant using this form in order to obtain all the required information it's important to note that consent can be revoked at any time by the landlord or tenant as long as it is done in writing if the notice is not followed and the tenant continues paying the old rent amount the landlord may have to serve the n4 notice for non-payment of rent and go through that process refer to the n4 module for more information about filling out and serving notice for non-payment of rent if the tenant decides to move out of their unit instead of paying the new rent amount they should provide form n9 tenants notice to end the tenancy with at least 60 days notice before the end of the lease or rent period if the landlord agrees to an earlier termination form n11 agreement and the tenancy can be signed between the parties instead it is very important that you do your research to make sure this process is appropriate for your situation if you serve your tenants with an incorrect notice it can cause other problems for you down the road use resources found on the landlord and tenant board and landlord self-help center's websites to help guide you through the proper process the landlord and tenant board website has links to instructions for many of their notices and applications so make sure to read through them and use them to help fill out the forms thank you for watching this module about the n1 notice of rent increase the information offered in this presentation is intended as general information it is not legal advice if you have a specific issue or situation please contact a legal service provider