Volume 92, Issue 95

Friday, March 26, 1999


NEWS

Report says increase education funding

Rent refunds may be in the mail

Safety proposals pass the first step

USC audited statements check in four months late

Board sits on SOGS fee decrease

New fee for medical residents causing accessibility concerns

Iozzo sees term as educational triumph

Quickies

Caught on campus

Rent refunds may be in the mail



By Sabrina Carinci
Gazette Staff

Some London residents may be looking forward to receiving their 1998 property tax assessments because a rent decrease may be in their future.

Approximately one year ago, the provincial government announced that under the Tenant Protection Act, rent will automatically be reduced if property tax decreases by 2.49 per cent or more from the previous year's taxes, said Jill Vinneau, a spokesperson for the Ministry of Municipal Affairs and Housing.

Patricia Lowan, a spokesperson for the Ontario Rental Housing Tribunal, which helps to enforce both landlord and tenant rights, explained the rent decreases are applicable only to multiresidential residences. "A multiresidential residence is any building with seven or more apartments," she said.

However Terry Corrigan, director of financial operations in the finance department for the City of London, said the city has yet to mail out the assessments because of a revamping of computer systems. "We will be sending out final tax bills by the end of April," he said. He added the bills are already a few months late.

Corrigan said the residents who are eligible for rent decreases will be contacted by mail some time in May.

The biggest problem arising from the situation, according to VP-education Nick Iozzo, is some students who will be eligible for rent decreases may have moved out of their apartments before finding out whether they are entitled. "If the notices are mailed and a student has moved out, [the notices] will go to people they aren't addressed to. They'll just get thrown out," he said.

Although it is true some of the refunds may not amount to much, Corrigan estimated the average property tax to decrease by 13 per cent – far above the 2.49 per cent guideline. "So [the rent decrease] may range from $18 to $20 a month," he said.

Iozzo said he and Corrigan have discussed the various ways to notify students so they do not miss out on potential money. "It'll be between the landlord and the tenant to decide how the money will be refunded," Iozzo said. "We're going to post all the buildings [eligible for rent reductions] on the internet."


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Copyright The Gazette 1999