Re:Parents' income, not smarts, key to entrepreneurship
by ch4s3 on Thursday January 28, 2021 @04:14PM
(#25949319)
I looked to me like they don't set hard caps based on their explanation here[1], but again I'm not overly familiar with the RDL. Can you point me to a better explanation of how it works? I'm quite interested. French language sites are fine.
[1]https://www.tal.gouv.qc.ca/en/news/calculation-of-the-2020-r...
Re:Parents' income, not smarts, key to entrepreneurship
by sudosysgen on Thursday January 28, 2021 @04:23PM
(#25949453)
There are indeed no hard caps. There is a formula that is used that takes into account various costs, such as heating and electricity as well as improvements made to the property, and using that formula along with the included utilities, a maximum percentage of price increase is calculated.
It's generally under inflation. A typical price increase cap might be 1.8%.
For cases where the landlord actually asks for a hearing, the average is of around 2.9%.
If no major repairs were necessary, you'll see around 1% or increase, maybe a bit more.
It also does extra controls that many countries don't do, such as capping price increases even if the tenant change (the tenant needs to request the former rent, though).
Allowing rent increases in the case of renovations is unusual, but not that rare either. That said, it's absolutely not "just a dispute resolution board". It 100% is traditional rent control with capped price increases, on top of the rest.