B.C. Landlords – The 2017 Rent Increase Guideline is 3.7%
Are you going to raise the rent in 2017?
With costs rising, and the risk of damages to your rental property it’s important to keep your rents high enough to cover your expenses.
In 2017 B.C. landlords can raise the rent a maximum of 3.7% for current tenants.
In 2016 residential landlords can raise the rent by only 2.9%.
If you are planning on raising the rent remember you can only do so once a year by the legal permitted amount. You also need to provide proper notice and use the proper forms.
For more information on how to raise the rent in 2017 go to the residential tenancies website.
B.C. Landlords Are You Going To Raise the Rent in 2017?
Remember to follow the rules for rent increases carefully and let 2017 be a successful year for your rental business!
Tags: investing in rental properties, Rent, Vancouver landlords
