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Fixed Term rental agreements are strict binding contacts that outline the terms of property rental for a set period of time - usually one year. These leases cannot be terminated until the end of the specified rental period, or unless there is a breach of the lease agreement or certain provisions of the Act itself, as laid out in the "Tenant's ...
The Residential Tenancies Act and Regulations are the laws governing the rental of residential property and leading the relationship between the landlord and their tenants in the province of Alberta. In Alberta, there is no limit to the rent amount landlords are permitted to charge. Rents can only be increased once a year for an existing tenant.
The original 421-a program also required that rents in buildings receiving the tax exemption be at least 15% less than the rents of comparable units nearby. 421-a housing units were also subject to all local rent stabilization laws that were passed for a period of ten years or however long the rent stabilization laws lasted, whichever period ...
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization
Law reform or legal reform is the process of examining existing laws, and advocating and implementing change in a legal system, usually with the aim of enhancing justice or efficiency. Intimately related are law reform bodies or law commissions , which are organizations set up to facilitate law reform.
Abatement refers generally to a lessening, diminution, reduction, or moderation; specifically, it may refer to: 421-a tax abatement , property tax exemption in the U.S. state of New York Abatement ab initio , a legal doctrine that, if the accused dies before appeals are exhausted, the conviction gets vacated
Free rent may also be known as rent abatement, a specific use of a term that may also be used more generically. Inducements can also be provided in the form of compensation for tenant improvements, which takes the form of either direct payments that the tenant can use to improve the rental unit, or similar renovations carried out by the landlord.
Rural Alberta ridings typically give the leading party, whether it is the Conservatives, or the United Farmers, Social Credit, Reform and the Alliance before them, some of the highest margins in the country; in many cases, the successful candidate receives more than two-thirds of the vote.