Rent control was adopted in New Brunswick in 1973. The purpose of the ordinance is to allow owners to receive a fair return on their investment and to protect tenants from steep annual rent increases. The process allows for mediation for rent disputes and for binding decisions regarding allowable rent increases. The ordinance was significantly amended in April 2003 and again in September 2003.
Rent Control Board:
The Board consists of five members and two alternates, with at least one tenant, one landlord and one homeowner required to be members. The ordinance also requires that a student tenant be given consideration for the tenant or tenant alternate position.
The Powers of the Board Include:
- establishing rental increase limits
- conducting hearings to settle disputes
- granting surcharge relief
- setting rules and regulations to implement the ordinance