| Coles Notes On Proposed Changes To Nova Scotia Residential Tenancy Act 2024 |
| Happy Friday, I have had a lot of people reach out about todays announcement about possible changes coming to the NS residential tenancy act. So, I decided to make a quick post and easy reference about what it is all about. Make sure to sign up for the free IPOANS weekly newsletter or check out the Nova Scotia governments Residential tenancy website for more information. Credit for the following summary goes to Kevin Russell of IPOANS (Investment Property Owners Association of Nova Scotia) The Government tabled Bill 467 in the Legislature this morning amending the Nova Scotia Residential Tenancies ACT. The proposed amendments are as follows: The Act will extend the restrictions on how much rent can be increased until December 31, 2027. Amend legislation to put the capped amount back into legislation – the rent cap set at a maximum 5%. Rent could not be increased more than 5% from January 1, 2026 – December 31, 2027. Only one rental increase in a 12-month period. Other amendments include: Shorten timelines for eviction for non-payment of rent Eviction notice served after rent has not been paid after 3 days. Define tenant problematic behaviour that may cause lease termination that Includes: repeated late payment of rent, engages in illegal activity, extraordinary damage, interference with rights of another occupant or landlord. Authority to publish Director’s Orders. Prohibit tenants from profiting from subtenancy agreements. Housekeeping amendments to improve the delivery of the program. The amendments will come into effect upon being proclaimed into law, which could be as late as winter 2025. For more information, please refer to the Province of Nova Scotia’s media release: Changes to Rent Cap, Residential Tenancies Act Residential Tenancy Contacts Right Here! Residential Tenancy Act Right Here! Residential Tenancy Policies & Procedures / useful Information Right Here! Hope this helps, Until next time, design your landlord experience. Michael P Currie Landlord By Design Pick up a copy of one of my books here! Photo Credit Goes To Nataliya Vaitkevich |
| Proposed Nova Scotia Residential Tenancy Changes 2024 |
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