It is my pleasure working with you, Jacky. Your feedback and trust really mean a lot to me. Again, congratulation on buying this beautiful home :)

July 18, 2024
🏠🏠PTT Property Tips Thursday

☝️☝️New tenancy rules for BC!
Starting July 18th, 2024, British Columbia will launch the Landlord Use Web Portal to protect renters from bad-faith evictions and end the tenancy process for landlords. Landlords must use this portal to generate Notices to End Tenancy for personal use, including details about who will occupy the home.

🔥🔥Key changes include:
1. Instead of two months, now tenants need a four month notice period for eviction.
2. Instead of 15 days, tenants will now have 30 days to dispute an eviction
3. A landlord is allowed to do evict a tenant if the property needs to be used by:
-The landlord or a close family member (parent, spouse or child);
-a superintendent for the building.
4. The person moving in must occupy the home for at least 12 months.

🔥🔥If these guidelines are not followed and tenant was evicted in bad faith, the landlord may be fined up to 12 months of rent.😭

🧐What can you learn from this?

-Consider consulting with a real estate professional before you plan to operate a rental property.
-As a landlord/ tenant, you need to follow the new government tenancy rules to protect your own interests.

I’m always here to help! Feel free to ask me any real estate questions. Thanks for reading.🤓💯