BREAKING – Big changes are finally on the way for BC landlords.
The BC government will be lifting the moratorium on evictions Sept 1. Renters have until July 31, 2021 to pay arrears. The province is keeping rent increases frozen until the end of the year.
The rental repayment framework will apply once the ban on issuing evictions for non-payment of rent is lifted. It requires the landlord to give the tenant until July 2021 to repay any outstanding rent, as long as monthly installments are paid.
The repayment framework is designed so renters will not have to make their first payment until the 1st rent due date following 30 days notice of repayment plan. This will be Oct. 1 for most renters, assuming landlord provides repayment plan before the end of August.
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