- SECTION 1: When to serve N2 Form notice
- This notice is for increasing the tenant’s rent if the rental unit is exempt from rent increase rules under the Residential Tenancies Act, 2006 (RTA).
- Partially exempt units include non-profit and social housing units, and care home units.
- How much can you increase rent in 2024?
- In 2024, the rent increase guideline for Ontario is 2.5%, representing the maximum permissible increment for most tenants without board approval.
- SECTION 2: When to use a different notice
- Use Form N1 to increase rent for units covered by rent increase rules under the RTA.
- Use Form N3 for care home units.
- Use Form N10 if increasing rent above the guideline due to capital work or new services.
- SECTION 3: How to increase the rent and give this notice
- The rent increase guideline doesn’t apply to partially exempt units; landlords can raise rent by any amount.
- Rent can be increased if at least 12 months have passed since the last increase or tenant moved in.
- Notice must be given at least 90 days before the increase date.
- Methods to give notice include hand delivery, mail, fax, courier, avoid posting on the door of the rental unit.
- SECTION 4: How to complete this notice of rent increase
- Fill in tenant’s name, landlord’s name and address, and rental unit address.
- Specify the date and amount of the rent increase.
- Sign and date the notice accordingly.
- Make sure the N2 FORM – NOTICE OF RENT INCREASE UNIT PARTIALLY EXEMPT is correct and accurate before delivering to your tenant.
- SECTION 5: What to do if you have any questions
- Visit the LTB website or call for assistance.
- Customer Service Officers can provide information but not legal advice.
- An automated information menu is available 24/7.
- This clear breakdown simplifies the process for both landlords and tenants.
