Akelius Canada Ltd. issues rent reduction for expired AGI at 111 Lawton Blvd.

EXPIRED AGI 2006

Akelius Canada Ltd. has issued revised N1 notices of 2.5% to most tenants located at 111 Lawton Blvd. for March 1, 2023, instead of January 1, 2023. The reason for the change tenants were not given the proper 90-day notice as set in law by the Ontario government. 

A total of nineteen tenants were issued N1 notices of rent increases of 2.5% to start September 1, 2023, instead of January 1, 2023, due to rent amount errors stated on the previous N1s. 

The nineteen tenants will also receive a reduction in rent of 0.82% backdated starting on October 1, 2022. This is what created the error in the first N1 notices to these tenants. Reduction in rent due to an expired AGI 2006. Please check your rental accounts for these adjustments. The 2006 AGI has now been honored and the file is closed.