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Rent regulation was first briefly introduced in Ontario under the National Housing Act 1944.After lobbying by business it was repealed in under a decade. The modern history of rent controls began in July 1975 when the Residential Premises Rent Review Act 1975 was enacted after the demand for rent controls became a major issue in the period leading to the 1975 provincial election. [2]
The bill made a number of amendments to the Residential Tenancies Act, 2006 and the Housing Services Act, 2011, including giving landlords the power to offer tenants take-it-or-leave-it repayment plans, bypassing the Landlord and Tenant Board, and allowing landlords to make applications for arrears of rent up to twelve months after the tenant left the rental unit.
Under the RTA, a tenant must be in possession of a rental unit prior to filing an application with the board. [9] If a landlord would like to make a claim against a tenant after a tenant has vacated the rental unit, the landlord must file an L10 with the LTB. [10] [11]
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A 2010 survey by the Ontario Non-Profit Housing Association revealed that the number of households on affordable housing waiting lists was at an "all-time high of 141,635". [ 156 ] Through partnerships with the government, private investors became interested again in investing in multi-family rental housing in the 1990s.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
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