Base rent is the maximum amount of rent that landlords can charge on a unit. We may feel that the amount of the base rent is above what the market can support, so we will apply a discount to the rent.
Rent discounts are reflected in your lease, and cannot be changed during the term of your lease, but are subject to change at renewal. Rent discounts are separate from move in bonuses and referral bonuses, so they can be combined with either bonus.
Some background: The apartment rental industry in Manitoba is governed by a provincial entity known as the Residential Tenancies Branch (RTB), which is responsible for enforcing the Residential Tenancies Act (the act of legislation that governs residential rentals in Manitoba).
The RTB sets the maximum allowable rent (base rent) for all apartments. Rent discounts are decided by the landlord.
