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Summarized by RentZenLast updated: July 22, 2024
Decision in favor of
landlord
Balance Owed
-
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Hearing Date
Aug 2019
Order Date
Feb 28, 2022
Landlord applied for an order to increase the rent charged by more than the guideline for one or more of the rental units in the residential complex due to capital expenditures.
The Landlord is permitted to increase the rents charged by 8.19% for the eligible units, in three phases from April 1, 2018 to March 31, 2021. The rent will be reduced after the weighted useful life of the capital expenditures.
LTB Member
611
83.8%
6.7%
9.5%
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