LR94-5

Appeal · rent increase. Outcome: outcome pending review.

Linked prior order: LR94-05

Order text

Order LR94-05 - Allowable Rent Increase - 1995 (Sep 23, 1994) Order LR94-5 IN THE MATTER of the Rental of Residential Property Act , R.S.P.E.I. 1988, C. R-13.1, and IN THE MATTER of establishing the allowable percentage of rent increase for 1995, pursuant to Section 23.(1) of the Act . Friday, September 23, 1994 Linda Webber, Chairman John L. Blakney, Vice-Chairman James Nicholson, Commissioner Anne McPhee, Commissioner Order WHEREAS pursuant to the provisions of Section 23.(1) of the Act the Commission is required to establish the allowable percentage of rent increase for 1995. AND WHEREAS pursuant to the provisions of Section 23.(2) of the Act , the Director has invited written representations from lessors and lessees to assist in establishing the annual prescribed percentage rent increase. The request was by way of a notice in the printed media. AND WHEREAS in setting the prescribed percentage rent increase the Commission has considered the following: representations received pursuant to Section 23.(2) of the Act , estimates of the Consumer Price Index, a review of the current industry situation, projected vacancy rates for the province for 1995, an analysis of projected operating expenses, the rent increase allowed last year and the economic conditions on P.E.I. NOW THEREFORE , pursuant to the Rental of Residential Property Act ; IT IS ORDERED THAT 1. No rent increase shall be allowed for 1995. DATED at Charlottetown, Prince Edward Island, this 23rd day of September, 1994. BY THE COMMISSION: Linda Webber, Chairman John Blakney, Vice-Chairman James Nicholson, Commissioner Anne McPhee, Commissioner