The Rent Rate Schedule task is used whenever you want to increase a tenant’s rent. It allows you to schedule a future rent change so both you and the tenant can see it in advance. Here’s how it works:
1. Access the Tenant's Lease
Navigate to the tenant’s lease you want to update.
2. Go to the Financial Tab
Click on the Financial tab within the lease.
3. Edit the Rent Rate Schedule
Scroll down to the Rent Rate Schedule section. Click the three-dot menu and select Edit.
4. Set the New Rent Details
Enter:
Start Date – the date you want the rent increase to begin
New Rent Amount – the updated rent the tenant will pay
5. Save the Changes
Click Save. You’ll notice an upward arrow next to the rent amount on the lease details page, indicating a scheduled increase.
6. Tenant Visibility
The tenant will also see this scheduled increase on their Residential Portal under the lease details page.
📅 Required Notice Periods for Rent Increases by Province
It’s important to provide proper notice to tenants and ensure the increase complies with your province’s regulations. Be sure to check the maximum allowable increase for your area before entering a new amount.
Alberta
Notice Period: At least 90 days written notice for month-to-month tenancies
Frequency: Rent can only be increased once every 365 days
Fixed-Term Tenancies: Rent cannot be increased during a fixed-term lease
British Columbia
Notice Period: At least 3 full months written notice
Frequency: Rent can only be increased once every 12 months
Notice Form: Use the RTB-7 form for rent increases
Ontario
Notice Period: At least 90 days written notice
Frequency: Rent can only be increased once every 12 months
Notice Form: Use the N1 form for rent increases
Quebec
Notice Period: 3–6 months before the end of the lease for leases over 12 months; 1–2 months for shorter leases
Tenant's Right: Tenants have 1 month to accept or refuse the increase
Nova Scotia
Notice Period: At least 4 months written notice
Frequency: Rent can only be increased once every 12 months
Rent Cap: Maximum allowable increase for 2025 is 5%
✅ Tip: Always check your province or state’s regulations for the maximum allowable rent increase before scheduling an increase. This ensures compliance and avoids potential disputes with tenants.
By using the Rent Rate Schedule task correctly, you can manage rent increases smoothly while keeping both your records and your tenants up to date.