Limitation of Rent Increases on Commercial Properties

Whereas given the many challenges facing small brick and mortar businesses, including the often financially devastating impact that an increase in rent causes when a lease expires; And whereas small businesses could plan ahead for operational impacts if they had foreknowledge of future rent increases: Therefore be it resolved that UBCM request that the Province establish a rental limit increase on commercially zoned properties operated by small businesses similar to the rental increase limitations that govern residential rental properties.