Flagship Property Ventures Corp. v Tenants

Landlord wins · Toronto · 2021-11-17

Adjudicator

Marisa Victor

Dispute

Rent Reduction

Landlord

Flagship Property Ventures Corp.

Tenant

N.B., B.D., K.D., J.D., N.G., I.J., J.L., D.M., M.P., O.Z.

What happened

Landlord applied for an order to vary the percentage rent reduction determined under section 132 of the Residential Tenancies Act, 2006 because the residential complex falls under the multi-residential property tax class and the amount of the municipal property taxes does not rise to 20% of the total annual rents charged.

The ruling

The rent reduction set out in the Notice of Rent Reduction issued by the City of Toronto is varied from 1.05% to 0.64% effective December 31, 2019.