Residential Tenancies Act, 2006
- This is the Residential Tenancies Act of Ontario. For other jurisdictions, see Residential Tenancies Act (disambiguation).
The Residential Tenancies Act 2006 (RTA 2006) is the law in the province of Ontario, Canada, that governs landlord and tenant relations in residential rental accommodations. The Act received royal assent on June 22, 2006 and was proclaimed into law on January 31, 2007. The Act repealed and replaced the Tenant Protection Act, 1997. Ontario's Landlord and Tenant Board is governed by the act.
The Residential Tenancies Act 2006 contains chapters on the meaning of a tenancy, the duties of landlords and tenants, "security of tenure" and the list of legitimate reasons that a landlord can evict a tenant, and a system of rent regulation.
Section 120 contains the key provision on rent regulation, which says that rents cannot increase by more than 2.5 per cent in a year.
120. (1) No landlord may increase the rent charged to a tenant, or to an assignee under section 95, during the term of their tenancy by more than the guideline, except in accordance with section 126 or 127 or an agreement under section 121 or 123. 2006, c. 17, s. 120 (1).
Guideline (2) The Minister shall determine the guideline in effect for each calendar year as follows:
|This article about Canadian law is a stub. You can help Wikipedia by expanding it.|