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.
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