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 Form N2 2015-2024

N2 2015-2024 Form

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Instructions and help about n2 form ontario rent increase

Hi there it's Joe Natalie here from the rental specialists, and today we're talking about rental increases now there are three things a notice of increase of rent need to include in order to be effective the first one is that it must specify the proposed new amount of rent not the amount of the increase so what you have to say is your rent is increasing from two hundred and forty dollars a week to two hundred and sixty dollars a week it can't say your rent is increasing by twenty dollars a week, so you have to be rEvally specific about that the second thing I notice needs to include is the date when the increase becomes effective, and it's important to note there you have to give 60 days notice for an increase plus if you're posting the notice then you have to allow an extra four days at least for postage, so you need to sit down and calculate that properly otherwise the notice can become invalid and even a few years down the track if the tenant has even paid the increased rent they ca

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