Form N2 Notice of Rent Increase Unit Partially Exempt - Ontario, Canada

Form N2 Notice of Rent Increase Unit Partially Exempt in Ontario, Canada is used by landlords to notify tenants of a rent increase for a unit that is partially exempt from rent control regulations. It informs tenants about the details of the increased rent and the effective date.

The landlord or property owner files the Form N2 Notice of Rent Increase Unit Partially Exempt in Ontario, Canada.

FAQ

Q: What is Form N2?A: Form N2 is a Notice of Rent Increase for a partially exempt unit in Ontario, Canada.

Q: What is a partially exempt unit?A: A partially exempt unit is a rental unit that is not subject to the full protections of rent control in Ontario.

Q: Who can use Form N2?A: Landlords in Ontario who own partially exempt units can use Form N2 to notify tenants of a rent increase.

Q: What information is required in Form N2?A: Form N2 requires the landlord to provide details about the current rent, the proposed rent increase, and the effective date of the increase.

Q: Is there a limit to how much a landlord can increase the rent for a partially exempt unit?A: Yes, there are limits set by the Residential Tenancies Act in Ontario, and the landlord cannot increase the rent by any amount.

Q: Can tenants dispute a rent increase proposed through Form N2?A: Yes, tenants have the right to dispute a rent increase by filing an application with the Landlord and Tenant Board.

Q: Are there any special rules for rent increases during the COVID-19 pandemic?A: Yes, there are temporary rules in place that limit rent increases for both exempt and partially exempt units due to the pandemic.