Last updated: July 26, 2024
Ordered by Tribunals Ontario under Section 69, Residential Tenancies Act 2006
Decision in favor of
Landlord
Ordered Amount
-
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Order Date
Nov 17, 2021
The percentage rent reduction set out in the notice of rent reduction issued by the City of Toronto is varied from 0.49% to 0.10% effective December 31, 2019.
Landlord applied for an order to vary the percentage rent reduction determined under section 132 of the Residential Tenancies Act, 2006 because the residential complex falls under the multi-residential property tax class as defined under the Assessment Act and the amount of the municipal property taxes in respect of the residential complex does not rise to 20% of the total annual rents charged in the residential complex.
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