Above Guideline Rent Increase
Above guideline rent increase applications in London, Ontario. AGI for capital expenditures, taxes, utilities. Landlord and tenant representation.
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Frequently Asked Questions
What is an above guideline rent increase?
An AGI allows landlords to increase rent beyond the annual guideline (2.5% in 2024) for extraordinary costs: major capital repairs, significant increases in property taxes, or utility cost increases. Requires LTB approval through an L5 application.
Can tenants dispute an above guideline increase?
Yes, tenants can attend the AGI hearing and challenge: whether the work qualifies as capital expenditure vs. maintenance, the reasonableness of costs, whether work was necessary, allocation of costs among units, and useful life calculations.
How much can rent increase with an AGI?
AGIs are capped at 3% above the guideline per year for capital expenditures and utilities. There's no cap for municipal tax increases. The total AGI can be phased in over up to 3 years if it exceeds the annual cap.
How long will this affect my insurance?
A traffic conviction typically affects insurance rates for 3 years from conviction date. Impact varies by insurer and offence. Fighting often costs less than long-term insurance increase.
Contact LegalAssist
Phone: 365-882-9515
Email: info@legalassist.london
Location: London, Ontario N6A 2L1
Hours: Monday–Friday 9:00 AM – 6:00 PM