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Important updates on BC's new tenancy laws! 📜🏡 Discover how the recent changes to the Residential Tenancy Act could impact you as a homeowner or renter.
Here's a quick breakdown:
📅 Notice period for personal occupancy evictions extended from 2 to 4 months.
🏠 Mandatory occupancy period for landlords increased from 6 to 12 months. 🕒 Tenants now have 30 days to dispute an eviction notice, up from 15 days. ⚠️ 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?
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👉 Have questions or need help selling or purchasing your home?
Book a time at your convenience through the link below.
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