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Landlords can increase the bond when they increase rent. When lawfully increasing the rent, the landlord may ask the tenant to pay extra bond money based on the number of weeksâ bond charged in the tenancy agreement. For example, the rent goes up by $10 per week. The tenant paid 3 weeksâ rent as bond money.
Under the RSO, the landlord is allowed to make the following annual increases in the rent: 1  Raise the rent once every 12 months by the annual allowable increase (3% for July 1, 2015 through June 30, 2016).