Changes To Fixed Term Tenancies

The BC government introduced changes to the Residential Tenancy Act expected to come into effect and apply to new and existing tenancy agreements. The changes will almost always prohibit landlords from being able to include a vacate clause in a fixed-term tenancy agreement. The reasoning behind this change, stems from some landlords finding the loophole in the tenancy act and exploiting it by continually signing fixed term agreements and raising the rent by more than the allowable amount allotted by law. If your current lease requires the tenant to move out after the end of November, you may want to have a discussion with your tenant/landlord regarding the intended use of the home at the end of the fixed-term. Please feel free to contact us if you have any questions.

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