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Tenant Notification for Rent Reduction

See attached for readme file.

The Residential Tenancies Act (RTA) allows residential tenants to reduce their rents when the rental properties in which they live have had a property tax decrease of more than 2.49%. The Act also requests that the City send notices to the landlords and tenants of the affected properties to inform about the rent reduction.

Visit us on the Web for more information about the Residential Reduction Program at

Comment

Property value assessments are established by the Municipal Property Assessment Corporation. The City of Toronto is provided with this information to determine the property tax rates for residential buildings.

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