 ALLOWABLE PERCENTAGE RESIDENTIAL RENT INCREASE FOR 2005 In accordance with the Rental of Residential Property Act, the Island Regulatory and Appeals Commission has determined that the allowable percentage increase for residential rent during 2005 shall be two (2.00) percent. Lessors who believe their special circumstances justify a rent increase above the allowable percentage may apply to the Director of Residential Rental Property pursuant to Section 23 of the Act. Forms related to rent increases within or above the allowable percentage and general information regarding the Act are available from the Office of the Director of Residential Rental Property, Fifth Floor, National Bank Tower, 134 Kent Street, P. O. Box 577, Charlottetown, PEI, C1A 7L1, at the Director's website at www.irac.pe.ca/rental/ or at any Access PEI. DATED at Charlottetown, this 20th day of September, 2004. Posted: 2004/09/20 |
