Nova Scotia proposes extending its 5% rent cap to 2027 to support tenants and landlords.
Nova Scotia is proposing to extend its five percent rent cap until the end of 2027, originally set to expire in 2025. This cap aims to support both tenants and landlords amid rising costs. Proposed changes include allowing landlords to issue eviction notices three days after rent is due and prohibiting tenants from subletting for higher rents. Additionally, clearer conditions for terminating tenancies will be established, though a new rental compliance unit will not be created.
September 06, 2024
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