Bill 124, the proposed Rental Fairness Act, 2017 passed its third reading in the Legislative Assembly of Ontario last week. This bill has received significant attention in the past few weeks for the important changes it could make to the Residential Tenancies Act, 2006 (the RTA).
The press has focussed on the fact that Bill 124, if passed into law, will increase rent controls to include units built after 1991 and require landlords who want to take over a unit for their own use to compensate a tenant or provide them an alternate unit.
However, there is another important change to the RTA which deserves attention: those providing transitional housing and rehabilitative or therapeutic services will be exempt from the RTA for tenancies that lasts four years or less.