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Auto-indexedAppeal · rent increase. Outcome: outcome pending review.
Order text
Order LR16-14 - Rental - Allowable Percentage Rent Increase for 2017 Order LR16-14 IN THE MATTER of establishing the allowable percentage rent increase for 2017, pursuant to subsection 23(1) of the Rental of Residential Property Act , R.S.P.E.I. 1988, Cap. R-13.1. BEFORE THE COMMISSION on Friday, the 23rd day of September, 2016. J. Scott MacKenzie, Q.C., Chair Douglas Clow, Vice-Chair John Broderick, Commissioner Order WHEREAS pursuant to the provisions of subsection 23(1) of the Rental of Residential Property Act , the Commission is required to establish the allowable percentage of rent increase for 2017; AND WHEREAS pursuant to the provisions of subsection 23(2) of the Act , the Director of Residential Rental Property placed a notice in the printed media inviting written representations from lessors and lessees to assist in establishing the annual prescribed percentage rent increase; AND WHEREAS in setting the prescribed percentage rent increase the Commission has considered the following: representations received pursuant to subsection 23(2) of the Act , the vacancy rates for the province, a review of the economic outlook for the province, a review of the Consumer Price Index; AND WHEREAS having taken into consideration the foregoing factors, submissions and projections the Commission has determined the following maximum allowable rent increases to be justified; NOW THEREFORE , pursuant to the Rental of Residential Property Act : IT IS ORDERED THAT 1. The allowable percentage rent increase for 201 7 for heated premises shall be one and a half (1.5) percent. 2. The allowable percentage increase for 201 7 for unheated premises shall be one and a half (1.5) percent. 3. The allowable percentage rent increase for 201 7 for a mobile home site only in a mobile home park shall be one and a half (1.5) percent. DATED at Charlottetown, Prince Edward Island, this 23rd day of September, 2016. BY THE COMMISSION : J. Scott MacKenzie, Q.C., Chair Douglas Clow, Vice-Chair John Broderick, Commissioner Summary Report and Analysis: Allowable Percentage Rent Increase for 2017
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