Calculator - Rent Adjustment on Vacancy

Rent Adjustment on Vacancy (Viability Model)

For new tenancies following vacancy. Computes the maximum allowed rent increase using the provincial market value assessment as the basis for an estimate of what rent would make the property viable if sold. Note: The limitation on increase (e.g. 3% per year) does not apply to vacancy adjustments.

Model Assumptions (published by Director)

Down payment: –% | Reference rate: –% (annual) | Amortization: – years

Number of units in property

Assessed Market Value (for property tax purposes) Assessed Market Value (MV) – building/parcel ($)

Eligible Operating Costs (Annual, building included in rent)

Electricity ($/year) Natural gas ($/year) Fuel oil & other fuels ($/year) Maintenance & repairs ($/year) Building services (e.g., cleaning, snow) ($/year) Insurance (property) ($/year) Property taxes ($/year)

Comparator (higher‑of rule) Use comparator against guideline‑permitted rent for the unit

Decision Year Last lawful rent for the unit ($/month) Existing AGI attached to the unit ($/month)

Allowable annual rent increase guideline for selected year: –%

Calculator – Rent Adjustment on Vacancy

Rent Adjustment on Vacancy (Viability Model)

Results

Rent Adjustment on Vacancy (Viability Model)

Results

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