Whether you’re a tenant or a landlord, it’s important to know the laws around standard rent increases for residential tenancies. With info from the Residential Tenancy Branch, here are the rules in BC.
How often can the rent be increased?
A landlord is allowed to increase the rent for their tenant once a year. More specifically, a landlord can increase the rent 12 months after the date the existing rent was established, or the last increase took place.
How much can the rent be increased?
- It must stay within the maximum annual amount. As an example, residential tenancy rent increases that take effect in 2022 are allowed to a maximum of 1.5%. This is calculated using the 12-month average percent change in the Consumer Price Index for BC. BC Stats publishes this information and it can also be found on the Residential Tenancy Branch website.
- The Residential Tenancy Branch also provides a rent increase calculator tool to make it easier to determine the maximum allowable amount.
- The new cost of rent can’t be rounded up. When calculating the increase based on the current rent, the number cannot be rounded up – it must stay below the allowable increase percentage.
How much notice should there be?
Landlords must provide tenants with three full months’ notice of a rent increase.
Try the Solution Explorer from the Residential Tenancy Branch. It’s a tool to find helpful information, resources and template letters specific to your tenancy problem. It will help you out what you need to resolve your dispute and whether you may have a valid dispute resolution claim or if you need to take additional steps.
You can also contact the Residential Tenancy Branch directly for more information about your rights as a tenant or landlord.
Did you like this? You might like these posts too!
About Consumer Protection BC
We are responsible for regulating specific industries and certain consumer transactions in British Columbia. If your concern is captured under the laws we enforce, we will use the tools at our disposal to assist you. If we can’t help you directly, we will be happy to provide you with as much information as possible. Depending on your concern, another organization may be the ones to speak to; other times, court or legal assistance may be the best option. Explore our website at www.consumerprotectionbc.ca.