• Skip to main content
  • Skip to footer
  • 2025 Rent Increase
  • News & Notices
Residential Rental Property

Residential Rental Property

Office of the Director of Residential Rental Property

  • Rental Law & Helpful Information
  • Forms
  • FAQs
  • Security Deposits
    • Security Deposits – FAQs
    • Interest Rate Calculator
  • Rent Increases
    • Rent Increases
    • 2024 Annual Allowable Rent Increase
    • 2025 Maximum Annual Allowable Rent Increase
  • Repairs/Renovation Evictions
  • Appeals
  • Hearings
    • Storm Closures
    • Hearing Preparations
    • COVID
  • Stats
  • Search Orders

Rental of Residential Property Act Forms

Attention Landlords:

The Government of PEI has amended the Rental of Residential Property Act regulations as it relates to Form 15- Landlord’s Statement of Income and Expenses. Pursuant to EC2023-159, effective March 4, 2023, landlords can no longer deduct mortgage principal as an expense on Line 6 and 7 of the Form 15, Landlord’s Statement of Income and Expenses.

What does this mean?

If your Application for a Greater Than Allowable Rent Increase (Form 12) was filed on or before 4:00PM on March 3, 2023, the new amendment does not apply to your application.

If you filed your Application after 4:00PM on March 3, 2023, the new regulation is in effect and you cannot include mortgage principal as an expense on the Form 15.  

Form 15- Lessor’s Statement of Income and Expenses

Footer

Residential Tenancy Office

National Bank Tower
5th Floor, Suite 501
134 Kent Street
P.O. Box 577
Charlottetown, PE C1A 7L1

 Contact

askrental@peirentaloffice.ca
Tel 902-368-7878
PEI toll-free 1-800-501-6268
Fax 902-566-4076

Copyright © 2025 · Website by TechnoMedia · Log in