Four Thousand Yonge Street Landlord v Tenants

Landlord wins · Toronto · 2021-06-29

Adjudicator

Marisa Victor

Dispute

Rent Reduction

Landlord

F.T.Y.S.

Tenant

R.T.A.S.

What happened

Landlord applied for an order to vary the percentage rent reduction determined under section 132 of the Residential Tenancies Act, 2006 due to the residential complex falling under the multi-residential property tax class, the municipal property taxes being less than 20% of the total annual rents, and an error in the calculation of the rent reduction by the City of Toronto.

The ruling

The rent reduction set out in the Notice of Rent Reduction issued by the City of Toronto dated September 9, 2019 is varied from 0.93% to 0.56% effective December 31, 2019.