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Friday, August 30, 2013

Rental Guidelines for 2014

August 30, 2013

PROVINCE ADVISES MANITOBA RENT GUIDELINE SET AT TWO PER CENT FOR 2014


Manitoba Healthy Living, Seniors and Consumer Affairs advises the 2014 rent guideline has been set at two per cent and will take effect Jan. 1, 2014.
The guideline is determined annually and takes into account cost increases such as utilities, property taxes and other expenses in the operation of a residential complex.  Manitoba has proposed legislation that would make future calculations as transparent as possible.  It is anticipated a prescribed formula or the consumer price index for Manitoba would be used to help determine the guideline rate.
The guideline applies to most residential rental property including apartments, single rooms, houses and duplexes.  The guideline does not apply to:
  • rental units renting for $1,395 or more per month as of Dec. 31, 2013;
  • personal care homes;
  • non-profit housing with subsidized rent;
  • approved rehabilitated rental units; and
  • new buildings that are:
    • less than 15 years old, where an occupancy permit was first issued or a unit first occupied after April 9, 2001, or;
    • less than 20 years old, where an occupancy permit was first issued or a unit first occupied after March 7, 2005.
Landlords can apply for an increase above the guideline if they can show the guideline will not cover cost increases they have incurred.
Tenants must receive written notice of a rent increase at least three months before the increase takes effect.  For example, for a rent increase to take effect Jan. 1, 2014, tenants must receive notice by Sept. 30, 2013.  With few exceptions, rent can only be increased once a year.
Tenants have the right to object to any rent increase, whether it is below, at or above the guideline. Objections must be made at least 60 days before the rent increase is set to take effect.
Landlords and tenants can contact the Residential Tenancies Branch at 204-945-2476 in Winnipeg or 1-800-782-8403 (toll-free in Manitoba) to find out more about rent increases and other rights and responsibilities. Information is also available at www.manitoba.ca/rtb.
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