Nova Scotia Landlords Can Raise the Rent 1.5% in 2016 for a Land Lease Community
Successful and experienced Nova Scotia landlords know how important it is to rent out well-maintained properties. If you have a nice and safe rental property you will attract more good tenants and avoid the “pro tenants” out there who can destroy your rental and end up costing you thousands of dollars in lost rent and damages.
Of course, maintenance and property improvements are not cheap. And the reality is costs are rising. This is why it’s important for landlords to make sure the rent you are getting is increased each year to help you cover your costs.
Nova Scotia Landlords Can Raise the Rent 1.5% in 2016 for Land Lease Communities
Every year the government publishes how much landlords can raise the rent in the coming year. This is called the AARIA (Annual Allowable Rent Increase Guideline). In 2016 you can only raise the rent by 1.5% Will this cover your additional costs?
Are You Going To Raise the Rent This Year?
If you own a single family home, condo or multiplex are you going to raise the rent this year? If so, how much will you raise the rent?