What Vancouver Investors Should Know Before They Rent Their Condo
by Maggie Chandler on May 30, 2008
in Uncategorized
Understanding the Landlord Tenancy Act before you rent your Vancouver condo
Did you know? One third of all home owners in British Columbia rent their home.
Did you know? Secondary suites, including illegal suites, are covered by the same residential tenancy law as apartments in large buildings.
“Landlord Guide: Information for Landlords in BC” provides valuable information on the many legal and financial obligations of landlords, who are considered business owners and are bound by both provincial and municipal laws, bylaws and regulations. These include the BC Residential Tenancy Act, the Fire Code and the Building Code, as well as municipal bylaws covering secondary suites, smoke detectors, safety and even cleanliness.
Who helps landlords?
BC Residential Tenancy Branch BC government office helps with problems and will give information about the law to landlords and tenants. they’ll explain the law to you, call your tenant on your behalf and hold dispute resolution hearings.
Rental Owners and Managers Society of BC have 1600 members who collectively manage more than 35,000 BC residential rental units. Services include legal and operating advise, credit checks on tenancy applicants, educational seminars, forms, news and government lobbying.
BC Apartment Owners and Managers Association have 1200 members who collectively own/manage 100,000 BC residential rental units. Members receive assistance, information, tenancy forms, education and government lobbying.
What’s the worse experience you’ve had as a landlord or tenant? Do you manage the suite yourself or hire a property manager? What is your opinion about the Landlord Tenancy Act? How would you change it? Have you ever had used the Residential Tenancy Branch and if so, what was your experience?
Did you know you can search for condos on this site? Fill out my contact form if you are wishing to buy or sell a Vancouver condo.
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Tagged as:
investors,
landlord tenancy act,
tenants,
Vancouver Real Estate
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I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
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