Ben  Sage

Ben Sage

Broker

RE/MAX a-b REALTY LTD. BROKERAGE

Mobile:
519-532-1295
Office:
(519) 536-7535 ext. 487
Email Me
Ben  Sage

Ben Sage

Broker

RE/MAX a-b REALTY LTD. BROKERAGE

Mobile:
519-532-1295
Office:
(519) 536-7535 ext. 487
Email Me

Landlord's Legal Corner - Raising the Rent

Rent Increases

Subject to a few exceptions, a tenant’s rent can only be increased 12 months after the date of the last rent increase or the date a tenant first moves in.  A tenant must be given written notice of a rent increase at least 90 days before it takes effect.

Accordingly, rent can only be increased annually and up to a maximum percentage of the existing rent. The maximum percentage of increase is referred to as the Rent Increase Guideline and is set by the Ministry each year calculated using the Ontario Consumer Price Index (which is based on inflation and economic conditions).  The current Rent Increase Guideline percentage for 2019 is 1.8%.  An increase in excess of this amount would be deemed illegal and the tenant would likely be entitled to reimbursement of the overpayment if it were ever challenged in the future.

Although the percentage increase may seem relatively small, it is important that the increase always be calculated and applied each year.  Failure to apply the permitted increase will most certainly result in the tenant paying below market rent at some point in the future.  It should be noted that a Landlord cannot retroactively apply the percentage increases from previous years as rent increases are limited to once in a 12 month period and only to the applicable maximum percentage at that time.

Information provided by: 

Derek Truelove

Lawyer, Nesbitt Coulter

35 Perry Street                                                  183 Thames Street South

Woodstock Ontario                                            Ingersoll Ontario

N4S 3C4                                                           N5C 2T6

Tel 519-539-1234 ext 243                                    519-485-5651

Fax 519-539-6832                                              519-485-6582

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I am a Real Estate Broker with RE/MAX a-b Realty Ltd., in Woodstock Ontario, focused on high quality Real Estate services. My experience selling homes is rich, and my results are unparalleled. My clients attest to my commitment to high quality service. 

In 2017, single family homes listed for sale by Ben averaged 104.1% of asking price, compared to the market average of 99.2%, and sold in an average of 12 days compared to the market average of 29. 

  • Platinum Club for Total Real Estate Commissions for 2017 & 2018
  • 100% club for total real estate commissions for 2010, 2011, 2012, 2014, 2015, and 2016. 
  • "Best Young Professional" award nominee for Woodstock District Chamber of Commerce, 2015
  • Retired Director & Committee member at the Woodstock, Ingersoll District Real Estate Board.
  • Recognized as a top donating individual for Children's Miracle Network, 2016 & 2017

The REAL Ben:

Born and Raised in Woodstock Ontario, I am intrinsically connected with the community. When I am not selling Real Estate for my clients, I can be found hanging out with my family. My wife, Amanda, my sons Nolan and Liam, and our mutt, Nori. 

My family enjoys biking the awesome trails around Woodstock, having dinner at one of the many Oxford County establishments, playing golf at one of the many area courses, and the accessible, inexpensive nature of life in Woodstock.

My rural life keeps me busy, maintaining and upgrading our home just outside of the city. When I have spare time, I like to listen to music, play some guitar or video games, and stay up to date on the latest memes. 

My family loves to travel, and recent trips include a bucket-list-checking voyage to New Zealand and Australia in 2018, a road trip to Acadian Shores Nova Scotia the year before. Upcoming goals include another east coast visit to PEI and New Brunswick. 

We love visiting the family cottage in Port Loring, On, where I pretend to know how to catch pickerel and wakeboard. Really I just secretly like quiet hours floating on a lake. 


One thing I need to mention, though, since you've read this far, is that the true joy I get from my position as a Real Estate Broker, is crafting excellent strategies to capitalize on current market conditions for the benefit of my clients. Taking an idea, strategizing to minimize stress and maximize opportunites given in the market, and turning it in to a reality brings me great happiness. Let's get happy together! 



Specialty: New Residential Construction, Luxury Homes, Investment Properties

Awards: 2017, 2018, Platinum Club, Hall of Fame

Area Covered: Woodstock, Ingersoll, Norwich

Languages Spoken: English