Fixed Term Rental Agreement VS. Month-to-Month

In British Columbia, there are two main types of Tenancy Agreements. We’ll take a look at some of the similarities and differences between them and explain why one agreement may suit your situation better than the other. Similarities Between Fixed Term and Month-to-Month Agreements Typically, rent is due on the 1st day of each month, unless otherwise agreed upon in writing. Security deposits. In B.C., security deposits cannot exceed one half month rent. The deposit is payable before the Tenancy begins. Likewise, Pet Damage Deposits, if applicable, cannot be more than half a month rent. Whether or not they are permitted,…

How to Give Proper Notice on Your Rental

Residential tenancy laws in British Columbia are sometimes confusing and often misunderstood. For Tenants who want to end a tenancy, there are specific requirements which must be included in their written notice. If the notice isn’t fully complete, it could be considered improper or unacceptable. Requirements for Ending a Month-to-Month Tenancy Notice must be in writing. Notice must be received by the Landlord on a day before the rent is due. Assuming rent is due on the 1st of the month, if a Tenant wants to leave, for example, on April 30, then notice must be received by the Landlord…

COVID-19 Office Update

Nanaimo Rentals and Property Management Posted COVID-19 Safety Plan December 1, 2020 COVID-19 could be introduced to our workplace from a number of sources including: Staff Delivery people and suppliers REALTORS Clients/Visitors/Guests Every person with exposure to outside elements has the potential to introduce COVID-19 into our workplace. Masks Mandatory in the offices – Due to an increase in the following: The Provincial Government has mandated a Health order requiring the use of masks in all public spaces. The number of Island and BC Covid-19 cases The amount of seasonal travel The number of out-of-town buyers coming into the offices…

Should You Tell Your Landlord You Are Moving?

If you’re a tenant, when is the best time to tell your Landlord you’re buying a house and are going to be moving out? Should you tell your Landlord you are moving? The short answer is – that depends. Tenancy Agreement First of all, if you have a fixed term tenancy agreement with a specific end date, you can’t end the tenancy before that date without being responsible for the rent if the Landlord can’t re-rent the place right away. Let your real estate agent know when your end date is and you may be able to work your purchase closing date…

5 Common Mistakes Tenants Make

Renting a home can be an eye opening experience. If you’re a Tenant considering renting a property, here are 5 mistakes Tenants make – that are easy to make and avoid! Mistakes Tenants Make Not knowing what your Tenancy Agreement says. If you listened to your parents growing up, you know never to sign anything you haven’t read. Make sure you go through the whole tenancy agreement before you sign it and clarify any areas of concern. Once you’ve signed it, it’s too late and you’re bound by the conditions in the agreement. Not getting copies of the Tenancy Agreement…

Renting? Tips for Maintaining Your Yard

If you rent a home, you might wonder what your responsibilities are regarding yard work. If you live in a condo or apartment, you probably don’t need to worry about this, but if you live in a duplex or a house, it’s generally up to the tenant to look after the yard. That’s why we came up with tips for maintaining your yard. Lawn mowing watering (when allowed) fertilizing Weeded and watering flower beds shrubs No one likes a messy yard and it doesn’t reflect well on the home or on you if things are overgrown or dead. Tips for maintaining…

Tenants – How can You Save Money by Going Green?

We all know that reducing our energy and water consumption is great for the environment and it can also save you money.  Do you know how to save money by going green? If you are ready to make changes to lessen your impact on the world around you, here are just a few tips to get you started. Lights Turn off unnecessary lights. If you’re not in the room or there’s enough natural light, don’t use lights you don’t really need. You can further cut costs by using LED light bulbs.  Did you know that: LED lights use 75% less…

Why do Tenants Have to Provide so Much information on an Application?

When you’re trying to rent a home for yourself and your family, you’re usually asked to fill in an Application To Rent form. The information collected on the form is protected by privacy laws and can’t be used for anything other than its intended purpose which is to determine if you are a suitable tenant.  But why does the Landlord need all this information on an application? Information on an application CREDIT CHECKS. Providing the basics is just common sense – your name, birthdate and current address are used to obtain a current credit report. If you’ve got bad credit,…

What Happens When the Landlord Gives a Two Month Notice to End Tenancy?

Did you know that a Landlord can end a tenancy by giving the Tenant two month notice to end tenancy?  There are only a handful of circumstances under which this can be done and you should check with the Residential Tenancy Branch for details on that, but here’s what you should know. Two month notice to end tenancy The Landlord must give a Tenant two clear months notice. This means the Landlord can’t give a Tenant notice on January 15 requiring the Tenant to move out by March 15.  Instead, the notice would be effective March 31 – with February and…

Questions to Ask Before Renting a Property

Looking for a new home is often challenging, particularly if the rental market is tight and options are limited. Before renting a property what types of questions should Tenants ask themselves before making a final choice for their new home? Ask Before Renting a Property What type of neighborhood is the home located in? Is it a safe area? You’ll want to make sure you’re comfortable with the location of the home before considering it. If you just don’t feel good about it once you’ve driven around the area, it maybe isn’t the right choice for you. Your security is important…

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