Property Management Licensing Practice Exam · Question
What is the maximum allowable rent increase permitted for an existing tenant in a rent-controlled unit in British Columbia for 2024?
For 2024, the maximum allowable rent increase for most existing tenants in B.C. is 2.0%. This percentage is set annually by the government to protect tenants fr
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Question: What is the maximum allowable rent increase permitted for an existing tenant in a rent-controlled unit in British Columbia for 2024?
Answer options: ✅ 2.0%
- 3.0%
- The greater of 2.0% or inflation
- The maximum rent increase for 2024 is the 2024 inflation rate plus 0%.
Correct answer: 2.0%
Explanation: For 2024, the maximum allowable rent increase for most existing tenants in B.C. is 2.0%. This percentage is set annually by the government to protect tenants from excessive increases.
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