Landlord, Tenant, or Potential Investor?
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The BC Provincial is Planning the following changes to Residential Tenancies:
• Renters will need to pay their monthly rent in full beginning September 2020.
• A landlord whose tenant has unpaid rent or utilities during the emergency period would be required to enter into a repayment plan for those arrears.
• A landlord would not be able to issue a Notice to End Tenancy for unpaid rent or utilities during this period unless the tenant has defaulted on their repayment plan.
• A landlord would be able to issue a Notice of Rent Increase, but it will not come into effect until December 1, 2020.
.
.
The BC Provincial is Planning the following changes to Residential Tenancies:
• Renters will need to pay their monthly rent in full beginning September 2020.
• A landlord whose tenant has unpaid rent or utilities during the emergency period would be required to enter into a repayment plan for those arrears.
• A landlord would not be able to issue a Notice to End Tenancy for unpaid rent or utilities during this period unless the tenant has defaulted on their repayment plan.
• A landlord would be able to issue a Notice of Rent Increase, but it will not come into effect until December 1, 2020.