πŸ“’ Important Update for All BC Residents! πŸ”” New Rental Regulations Effective July 18

Real Talk with Corbin | July 9, 2024 | written by Corbin Chivers

πŸ“’ Important Update for All BC Residents! BC, Canada

πŸ”” New Rental Regulations Effective July 18

1. πŸ—“οΈ Two Month Notice is now Four Months πŸ“…
– Tenants now have more time to find a new home when served notice.

2. 🌐 Mandatory Web Portal for Evictions πŸ’»
– All eviction notices must be registered and tracked online.

3. 🏠 New Tenancy Rule:
– If moving into a tenanted property, the new occupant MUST reside there for at least 12 months.

What Does This Mean? πŸ€”

πŸ’‘ For Tenants:
– Extended time to find a new home ⏳
– Double compensation for bad faith evictions πŸ’°

πŸ’‘ For Landlords:
– Impacts ability to sell, obtain a mortgage, and maintain appraisal values πŸ“‰

πŸ‘‡ Share Your Thoughts Below πŸ‘‡

πŸ“© Landlords, need advice? DM me!πŸ˜ŠπŸ”‘

#RealEstateΒ #realtorΒ #bcΒ #vancouverΒ #AlbertaΒ #CalgaryΒ #langleyΒ #surreyΒ #abbotsfordΒ #funnyvideoΒ #fun

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