02/17/2025
Buying a Property with Tenants in BC? Here’s What You Need to Know!
1) Legal Obligations: As a new landlord, you inherit all the legal responsibilities outlined in BC’s Residential Tenancy Act.
2) Honor Existing Lease: The tenant’s rental agreement stays in place, so you can’t change the terms until it expires.
3) Rent Increases: You can’t raise rent whenever you want. There are strict rules about how and when you can increase rent.
4) Eviction Rules: Evicting tenants requires valid reasons and proper notice—don’t skip the steps!
Make sure you’re ready to manage the property and follow the rules before buying.
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