How much can the LTB allow?
The LTB can allow an increase of up to 3% above the guideline for up to 3 years in a row for the cost of security services or for capital expenses. Capital expenses are major repairs, renovations, replacements, or additions that will last at least 5 years and are not part of normal ongoing maintenance.
The LTB can also allow any amount of rent increase if there are very large increases in municipal taxes and charges.
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