Posts Tagged ‘Rent’

British Columbia Landlords Can Raise the Rent 3.7% in 2017

Saturday, August 27th, 2016

British Columbia B.C. landlords rent increase guideline 2017 is 3.7 percent

B.C. Landlords – The 2017 Rent Increase Guideline is 3.7%

Are you going to raise the rent in 2017?

With costs rising, and the risk of damages to your rental property it’s important to keep your rents high enough to cover your expenses.

In 2017 B.C. landlords can raise the rent a maximum of 3.7% for current tenants.

In 2016 residential landlords can raise the rent by only 2.9%.

If you are planning on raising the rent remember you can only do so once a year by the legal permitted amount. You also need to provide proper notice and use the proper forms.

For more information on how to raise the rent in 2017 go to the residential tenancies website.

B.C. Landlords Are You Going To Raise the Rent in 2017?

Remember to follow the rules for rent increases carefully and let 2017 be a successful year for your rental business!

The Vancouver Tenant Rent Bank Is Starting to Help BC Tenants

Thursday, November 1st, 2012

November 1st, 2012

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 A Project Aimed to Assist People in Bad Financial Situations Pay Rent Is Beginning For Vancouver Tenants

What is the Rent Bank?

Thanks to the Streettohome Foundation and the Radcliffe Foundation, tenants in Vancouver who are in danger of becoming homeless will get a life-line.

What’s the Life-Line?

The Radcliffe Foundation has contributed over $350,000 to Streettohome’s Rent Bank which will allow renters to apply for loans to help pay rent.

Can You Provide More Details?

According to the CEO of the Streetohome Foundation, this seed money for tenants in need will assist people who need money to pay their rent and keep a roof over their heads.

What Are the Details About the Loans?

The loans are for emergencies only.

They are interest free and made only a one time basis to help cover rent, a rent deposit or utility fees.

How Are the Funds Delivered?

The funds are sent directly to the landlord.  This is very different than in provinces such as Ontario where payments are sent to tenants and not landlords, often leading to landlord/tenant problems.

The tenant has up to two years to pay it back. This is a good example of a way to help tenants who need a hand.

How Many People Will This Help?

This will help at least 1,600 renters avoid eviction in Vancouver per year.

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Instead of Blaming Landlords, Vancouver Tenants Have a  Way to Avoid Eviction When Times Are Tough.