Hi All -
What rules are there against inserting an amount into the tenancy contract (EG 2000 pm), but verbally agreeing with the tenant to pay 1500pm, as a way to insulate against the 2% RPZ limit if they ever left? We registered our tenancy with the RTB a year ago at 2k per month and it's time to renew, tenants are staying and we're not upping the rent, but considering just continuing with the same contract, 2k per month, albeit collecting 1500pm.
Any reason why more don't do this? Are there any obligations on the landlord to collect the agreed amount in the contract?
What rules are there against inserting an amount into the tenancy contract (EG 2000 pm), but verbally agreeing with the tenant to pay 1500pm, as a way to insulate against the 2% RPZ limit if they ever left? We registered our tenancy with the RTB a year ago at 2k per month and it's time to renew, tenants are staying and we're not upping the rent, but considering just continuing with the same contract, 2k per month, albeit collecting 1500pm.
Any reason why more don't do this? Are there any obligations on the landlord to collect the agreed amount in the contract?