Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Each province and territory has different rules and regulations that govern how tenants and landlords must act. This means that a tenant’s rights and responsibilities in each province and territory are different. If you’re moving out for the first time, or are moving from another country, you should know about the rental laws of where you’re planning to live.
As a tenant in British Columbia, you have certain responsibilities to your landlord, just as they have certain responsibilities to you. These responsibilities include:
Tenancy agreements are the basis for your tenancy. They should provide all the information you should need about your tenancy, including the terms and how to end it.
Your tenancy agreement should include the following information:
At the start of your tenancy, your landlord can ask you for a security or damage deposit. This deposit cannot be more than half of your first month’s rent. Generally, your tenancy starts once your landlord accepts your deposit.
There are some rules you must follow to get your deposit back. You must give your landlord written notice to end your tenancy and provide your landlord with your new address in writing within one year of moving out. You also have to clean out your unit when you move out, make any necessary fixes, and remove all your belongings. Finally, you must participate in a move-out condition inspection and sign and date the completed move-out condition inspection report. If you follow these rules and your landlord does not request compensation for damage or file a dispute resolution application, you should receive your deposit back within 15 days of moving out.
Sometimes, your landlord will have the right to keep all or a part of your deposit. They can do so if your unit is damaged beyond regular wear and tear and you agree in writing to compensate them. They can also do so if an arbitrator, in dispute resolution, determines that you owe a certain amount or if you move out and do not provide them with your new address within one year.
In British Columbia, tenancy laws set out limits for annual rent increases. Your landlord can increase your rent once every 12 months by an amount equal to inflation. This means your rent will likely increase at a different rate each year.
Landlords must give tenants at least three full months of notice before increasing the rent. They can only increase the rent either 12 months after a previous rent increase or 12 months since they agreed on a rental rate with their tenants.
Both you and your landlord have the responsibility to make repairs, depending on what they are. Your landlord is usually responsible for making repairs if any damage was not made by you, your guests, or your pets. These repairs include maintaining the furnace and replacing any defective smoke alarms.
You must make requests for repairs to your landlord in writing. You should clearly state what you need repaired and give your landlord a reasonable amount of time to make repairs. If your landlord doesn’t make repairs, you can apply for dispute resolution. You cannot make the repairs yourself and charge your landlord with the costs unless they agree in writing to pay the costs.
As the tenant, you are responsible for reasonably maintaining your unit’s health, cleanliness, and sanitary standards. This requirement usually means paying for cleaning costs when you move out and for making any repairs for damage you, your guests, or your pets cause other than regular wear and tear. The Residential Tenancy Branch could order you to pay for repairs or for damage you caused.
If you wish to terminate or break your lease early in British Columbia, your landlord has a right to minimize their losses by trying to re-rent your unit for a fair price. They could be entitled to the difference in rent if they are forced to rent out your unit for less than they were charging you. If they can charge a new tenant more, the difference can be applied to pay off any rent or damages you owe. You may be responsible for the costs associated with finding a replacement tenant if you break a lease that includes a “liquidated damages” clause.
There are several reasons why you could terminate a lease early in British Columbia, including:
In this case, you and your landlord agree to end your tenancy early. Your landlord may be more inclined to offer you this option if you advertise your unit or make it accessible for regular viewings so they can find a new tenant.
If you find someone to take over your lease, you may be able to break it. You could sublet your tenancy agreement, where you move out temporarily and rent your unit out until you get back, or you could assign your tenancy agreement, where you move out permanently and transfer your tenancy agreement to a new tenant.
If your landlord has broken a material term of your rental agreement, you could potentially have the right to end your tenancy. If you break your lease this way, your landlord may apply for a monetary order against you, so it is important that you be able to prove to an arbitrator that your tenancy could not have continued. You can also apply for dispute resolution so you can get permission to break your lease.
If you need to protect yourself or your children from family violence, have been assessed as needing long-term care, or have been accepted as a resident of a long-term care facility, you can break your lease early if you give your landlord one month of notice.
There are five reasons that a tenant can be evicted in British Columbia: eviction for non-payment of rent, eviction for cause, personal use, sale of property, and major renovations or demolition.
Landlords can evict tenants if they don’t pay the rent. If a landlord chooses to evict a tenant, for this reason, they must give the tenant a 10 Day Notice to End Tenancy for Unpaid Rent or Utilities form. The tenant then has five days to pay up or to file for an Application for Resolution under the Residential Tenancy Act. Landlords can use the Landlord’s Direct Request process under the Residential Tenancy Act to get an Order of Possession if the tenant does neither of these things within five days.
Landlords can evict tenants for several reasons, including disturbing other tenants or the landlord, putting other tenants or the landlord in danger, or repeatedly paying the rent late. If a landlord is evicting a tenant for cause, they must give the tenant a one-month eviction notice.
A landlord can choose to evict a tenant if the landlord or their close family members wants to live there. The definition of a close family member includes a spouse, the parents, or the children of the landlord. If a landlord is evicting a tenant so they can use the premises for personal use, they must give the tenant two months of notice beforehand.
If a landlord is selling a property, and the new buyer or their close family member wants to move in, the landlord can evict the tenant currently occupying the premises. In this case, they must provide the tenant with two months of notice ahead of time.
Landlords wanting to demolish a property or make major renovations where the tenant must live elsewhere for an extended period of time must provide tenants four months of notice before they evict them.
As a tenant in British Columbia, you have rights that protect you, and you also have responsibilities to your landlord. Generally, if these rights and responsibilities are followed, you and your landlord should have no problem with each other. Should you or your landlord have an issue, you can apply for dispute resolution through the Residential Tenancy Branch. The Residential Tenancy Branch serves to arbitrate disputes between tenants and landlords and can dole out decisions requiring you or your landlord to pay each other, allowing for evictions, and more.
Rating of 4/5 based on 11 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.