LPMA Announces Standard Lease Seminar

Joe Hoffer, a lawyer with Cohen Highley, will conduct a detailed training session for landlords and staff on how to complete the new LPMA Rental Application and the new “Terms and Conditions” that will be an essential addition to the Government’s Standard Lease.  Guarantors, rent discounts and other schedules relative to condo rules and by-laws will also be covered. Afternoon (2-4 pm) and evening(6-8 pm) sessions will be held on March 26.

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Government Proposed Standard Lease

Several months ago, the government passed the Fair Rental Act. One of the elements of the act is a standard lease that all landlords will be required to use. The government is currently conducting consultations about the content of the proposed standard lease.

As we continue to advocate on behalf of our members, we have submitted comments/suggestions regarding the government’s first draft of the proposed standard lease. During this process we will continue to keep our members updated and advise you of any opportunities to provide input.

2018 Rent Increase Guideline is 1.8%

The Ontario Ministry of Housing announced that the 2018 annual rent increase guideline will be 1.8%. The rent increase guideline is the maximum landlords can raise a tenant’s rent without approval of the Landlord and Tenant Board, and applies to rent increases between January 1 and December 31, 2018.