Prince Edward Island Rent Increase Rules (2026)
PEI has rent control: IRAC sets an annual allowable rent-increase percentage. One increase per 12 months with the prescribed notice; above-guideline increases require IRAC approval.
Governing law: Residential Tenancy Act, R.S.P.E.I. (in force 2023)
Stop tracking rent increase rules by hand
Proprietio handles rent increase rules automatically — deadlines, notices, and state-aware lease terms built into rent collection, leases, and maintenance. One flat plan, all features included.
Not ready to talk? Get a free rental audit. This guide is general information, not legal advice.
IRAC sets the annual percentage
Each year IRAC publishes the allowable rent increase. Confirm the current figure before issuing notice.
Once per year
Rent can be increased only once in any 12-month period.
Notice
The landlord must give the prescribed written notice (generally 3 months) on the proper form.
Above-guideline applications
A landlord can apply to IRAC for an increase above the set percentage based on costs.
Re-verify yearly
The allowable percentage changes annually.
Stop tracking Prince Edward Island compliance in spreadsheets
Proprietio keeps your leases, deposits, rent increases, and notices province-aware — so you stay onside with the Prince Edward Island tribunal without memorizing the Act.