The rental market is changing, and with that, increasing the rent may be a route you need to take as a landlord.
Even if there is no cap to the amount a landlord can raise the rent, landlords are encouraged to be reasonable when doing so. There are strict and important rules outlined in the Residential Tenancies Act of Alberta about how and when a rental increase can be done. Do you know the rules?
The rent cannot be increased during a fixed-term tenancy. The rent can be increased if the following criteria are met:
upon a new lease being signed when […]