Alex Karczewski, Broker · New World 2000 Realty Inc.

Is my rent capped?

Is rent capped at Nautique Lakefront Residences?

No.

Not rent controlled

Your rent at Nautique Lakefront Residences is not capped. The building's first tenants moved in Aug 2024, after November 15, 2018, so Ontario's annual rent increase guideline does not apply. Your landlord can raise the rent by any amount once every 12 months, with 90 days' written notice.

Address
374 Martha Street, Burlington
First tenants moved in
Aug 2024
Cutoff
November 15, 2018
Rule
RTA, 2006, s. 6.1

The date is the builder's first move-in date for the building. The rule goes by your unit, so ask the landlord to confirm before you sign.

Everything about Nautique Lakefront Residences