If someone wants to live in a condominium unit they are buying or does not want a tenant still living there, they must request in writing that the seller issue the three month termination notice to the tenant, as a condition of the sale.
The landlord and tenant agree to the amount of rent when they negotiate the terms of the fixed term tenancy agreement. Rent cannot be increased unless 365 days pass since a tenant moved in or since the last rent increase, whichever is later. If the 365th day is during the current fixed term tenancy agreement, rent cannot be increased until that tenancy agreement ends.
The rent will increase as per the notice if the tenant continues to rent the premises and as long as there has not been an increase within the previous 365 days or the start of the tenancy, whichever is later. If the rent was increased within the past year, rent cannot be increased again until a year after that increase became effective. At least three months’ written notice must be given to a tenant to increase the rent for a periodic tenancy.