Rent Increase Guideline definition

Rent Increase Guideline means the prevailing rent increase guideline established each calendar year pursuant to the Residential Tenancies Act, 2006, S.O. 2006, c. 17, or any successor legislation;

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Rent Increase Guideline means the prevailing rent increase guideline established each calendar year pursuant to the Residential Tenancies Act, 2006,

Rent Increase Guideline means the prevailing rent increase guideline established each calendar year pursuant to the Residential Tenancies Act, 2006, S.O. 2006, c. 17, or any successor legislation; "Severe Housing Need" is a subset of core housing need comprising of households that pay 50% or more for their current dwelling. A household is said to be in core housing need if its housing falls below at least one of the adequacy, affordability or suitability standards and it would have to spend 30% or more of its total before tax income to pay the median rent of alternative local housing that is acceptable;

Examples of Rent Increase Guideline in a sentence

• The Proponent acknowledges that, if the Rent Increase Guideline does not apply to the Project under the Residential Tenancies Act, 2006, S.O. 2006, c.

• The Proponent acknowledges that, if the Rent Increase Guideline does not apply to the Project, the Proponent agrees that the Rent Increase Guideline applies by virtue of the contractual terms of this Agreement.

• In the event the Rent Increase Guideline is repealed and not replaced with similar legislation, Monthly Occupancy Costs may be adjusted based on annual changes to the Consumer Price Index - not seasonally adjusted, for all items - in January of each year for the Toronto Census Metropolitan Area (or, where available, the City of Toronto) as reported by Statistics Canada (the "CPI Adjustment"), to an amount not to exceed Average Market Rent.

• In the event the Rent Increase Guideline is repealed and not replaced with similar legislation, Monthly Occupancy Costs may be adjusted based on annual changes to the Consumer Price Index - not seasonally adjusted, for all items - in January of each year for the Toronto Census Metropolitan Area (or, where available, the City of Toronto) as reported by Statistics Canada (the “CPI Adjustment”), to an amount not to exceed the Affordable Rent.

• In the event the Rent Increase Guideline is repealed and not replaced with similar legislation, Monthly Occupancy Costs may be adjusted based on annual changes to the Consumer Price Index - not seasonally adjusted, for all items - in January of each year for the Toronto Census Metropolitan Area (or, where available, the City of Toronto) as reported by Statistics Canada (the “CPI Adjustment”).

• Housing providers will also be encouraged to evaluate rents for market units to inform their financial plans, which may include increasing rents and/or occupancy charges in line with the Rent Increase Guideline set annually by the Province of Ontario.