Halifax-area landlords push for fixed-term leases amid Nova Scotia's 5% rent cap extension until 2027.
Halifax-area landlords are advocating for fixed-term leases to recover operating costs, citing challenges under Nova Scotia's five per cent rent cap, which is set to extend until 2027. Critics argue the cap's failure to address fixed-term leases creates a loophole for large landlords to raise rents for new tenants beyond the cap. While smaller landlords support fixed-term leases for financial stability, the cap applies only to renewals with existing tenants, not new leases.
September 16, 2024
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