Condo Real Estate Law - Facts You Need To Know #torontoRenting Out Your Property
The initial rent can be freely negotiated in all provinces. In Quebec, however, initially negotiated rents can be appealed if they are higher than a rent charged by the same landlord for the same apartment within the previous 12 months.
A 3-month or 90-day notice must be given before increasing the rent in all provinces, except in Nova Scotia where the requirement is 4 months, and Quebec where the notice is dependent upon the contract.
Rent increases are regulated in four provinces, the maximum allowable increase being determined annually.
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