A landlord can apply to the LTB to approve a rent increase above the guideline for any of the following reasons:

• The landlord’s costs for municipal taxes have increased by an extraordinary amount.
• The landlord did extraordinary or significant renovations, repairs, replacements or new additions to the building or to individual units. This type of work is called a “capital expenditure”.
• The landlord’s costs for security services increased, or the landlord began providing security services for the first time.

The terms “extraordinary” and “capital expenditures” are defined in the brochure: Information about Applications for a Rent Increase above the Guideline.