Glossary

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Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 7829   0   0   0   0   0
Service Alberta has tipsheets for landlords and tenants and mobile home sites in Alberta. Another popular resource is the Voluntary Code of Practice.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 6125   0   0   0   0   0
If someone wants to live in a condominium unit they are buying or does not want a tenant still living there, they must request in writing that the seller issue the three month termination notice to the tenant, as a condition of the sale.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 6654   0   0   0   0   0
Periodic tenants have to be given a full year’s notice to end the tenancy and rent cannot be increased during the year.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 4755   0   0   0   0   0
The landlord and tenant agree to the amount of rent when they negotiate the terms of the fixed term tenancy agreement. Rent cannot be increased unless 365 days pass since a tenant moved in or since the last rent increase, whichever is later. If the 365th day is during the current fixed term tenancy agreement, rent cannot be increased until that tenancy agreement ends.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 5307   0   0   0   0   0
At least 180 days written notice for periodic (month-to-month) tenancies.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 4527   0   0   0   0   0
At least three months’ written notice for periodic (month-to-month) tenancies.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 5445   0   0   0   0   0
The rent will increase as per the notice if the tenant continues to rent the premises and as long as there has not been an increase within the previous 365 days or the start of the tenancy, whichever is later. If the rent was increased within the past year, rent cannot be increased again until a year after that increase became effective. At least three months’ written notice must be given to a tenant to increase the rent for a periodic tenancy.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 4534   0   0   0   0   0
As of April 24, 2007, landlords can only raise rent once a year.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 30, 2007 7663   0   0   0   0   0
No. The legislation does not include any rental caps.
Jarek Bucholc ||Street Smart RE InvestingJarek Bucholc ||Street Smart RE Investing November 29, 2007 5458   0   0   0   0   1
Rent increases are limited to once per year.
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