π July 18 Update: Big Changes for Tenants & Landlords! π
π Book a call/meeting at a time convenient to you - https://calendly.com/andyschildhorn
Essential updates on BC's new tenancy laws! ππ‘ Discover how the recent changes to the Residential Tenancy Act could impact you as a homeowner or renter.
ο»ΏHere's a quick breakdown:
π Authorized Internet Site for Notices: Ensures tenants receive notices on time, but incurs costs for landlords.
π Notice period for personal occupancy evictions extended from 2 to 4 months.
π Mandatory occupancy period for landlords increased from 6 to 12 months. π Tenants now have 30 days to dispute an eviction notice, up from 15 days. β οΈ Challenges for rental suite owners: harder to sell properties and manage rentals.
These changes aim to protect tenants but could pose significant challenges for landlords. Are we seeing the end of the basement suite rental?
Got questions? Need advice? Reach out—I'm here to help!
π Have questions or need help selling or purchasing your home? Book a time at your convenience through the link below.
π 778.835.8957 - https://calendly.com/andyschildhorn
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Your Langley and Fraser Valley Realtor.
Thanks for watching, and see you next week!
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