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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.
Rent increases and maximum rent. 1  Maximum rent and yearly rent increases on units first occupied before November 1, 1991. 2  Maximum rent and yearly rent increases on units first occupied on or after November 1, 1991. For rental buildings first occupied for residential purposes on or after November 1, 1991 there is no limit on the amount that the rent can be increased every year.