28.4. For the first renewal after 1 November 2003, and except for the amount necessary to obtain the minimum rent fixed in section 7 of Schedule I, any rental increase exceeding $50 is divided equally over a maximum of 5 years, with a minimum of $50 per year.
The first paragraph does not apply to a lease granted after 1 November 2003.
O.C. 440-2003, s. 2; O.C. 705-2010, s. 21.