Provincial Minister Responsible for Housing Rich Coleman proposes to change or eliminate residential fixed-term tenancies in British Columbia.
Changes to fixed-term tenancies are a bad thing for landlords and property managers. These changes will add difficulty and expense to landlords across the province resulting in decreased improvements to existing housing stock, increased risk to landlords and an inhibition of multifamily investment compared to other types of commercial real estate investment, all of which allow for fixed-term leases.
Thousands of professional property owners and tens of thousands of part-time landlords will be affected by this change.
Send a message to Minister Coleman and the provincial government that you want to STOP changes to the fixed-term tenancy laws in British Columbia.
Updates
October 16, 2016
The feedback from landlords across the province has been heavy and constant. I am still processing the stories you have sent me about the risks these proposed changes create for our properties. It is exhausting work to keep pushing against this, but I am not planning on walking away from it.
October 16, 2016
The momentum behind this effort has shifted from a flicker to a steady burn. It is exhausting to keep pushing against the tide of these proposed changes but seeing so many of you join this fight makes the path ahead feel clearer. We are not stopping here.
17 Comments
I am an Owner of a 10 suite Apt Building in Marpole.As my rents have been low over many years, and my property taxes keep increasing along with trying to maintain my building,I want to try and save the Fixed Term Lease.Thank you
This is not helpful to anyone as I get lots of tenants that want a fixed term lease. Which is good for both of us as I know when the unit will be vacant and when it isn't
The person who owns the property should have the freedom to charge free market rents. This proposal will have a devastating effect on rental stock because no one will want to be a landlord.
Thanks for the comments so far. Several comments have been submitted to Minister Coleman's office. It's important that our representatives hear us!
Fixed term tenancy is an option only. The lease is signed based on mutually agreement between the landlord and tenant. It provides security and peace of mind for both parties about the residency of the property. The tenants always have the rights to choose somewhere else if the landlord does not provide other options. This is why the housing supply is not enough because the rules do not play fair for both parties.
Removing Fixed Term Option is bad for tenants who then risk being reno-victed with 60 day notice. Provides certainty and therefore less stress to tenants.
Both tenants and landlords enter into a fixed term fully understanding their contractual roles as to the end of tenancy as well as serving a desired short term occupancy.
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Provincial Minister Responsible for Housing Rich Coleman proposes to change or eliminate residential fixed-term tenancies in British Columbia.
Changes to fixed-term tenancies are a bad thing for landlords and property managers. These changes will add difficulty and expense to landlords across the province resulting in decreased improvements to existing housing stock, increased risk to landlords and an inhibition of multifamily investment compared to other types of commercial real estate investment, all of which allow for fixed-term leases.
Thousands of professional property owners and tens of thousands of part-time landlords will be affected by this change.
Send a message to Minister Coleman and the provincial government that you want to STOP changes to the fixed-term tenancy laws in British Columbia.
Updates
October 16, 2016
The feedback from landlords across the province has been heavy and constant. I am still processing the stories you have sent me about the risks these proposed changes create for our properties. It is exhausting work to keep pushing against this, but I am not planning on walking away from it.
October 16, 2016
The momentum behind this effort has shifted from a flicker to a steady burn. It is exhausting to keep pushing against the tide of these proposed changes but seeing so many of you join this fight makes the path ahead feel clearer. We are not stopping here.
17 Comments
Eliminating fixed term tenancies will likely deter owners from renting residential accomodation and accentuate current shortage of rental housing stock.
I am an Owner of a 10 suite Apt Building in Marpole.As my rents have been low over many years, and my property taxes keep increasing along with trying to maintain my building,I want to try and save the Fixed Term Lease.Thank you
This is not helpful to anyone as I get lots of tenants that want a fixed term lease. Which is good for both of us as I know when the unit will be vacant and when it isn't
The person who owns the property should have the freedom to charge free market rents. This proposal will have a devastating effect on rental stock because no one will want to be a landlord.
Thanks for the comments so far. Several comments have been submitted to Minister Coleman's office. It's important that our representatives hear us!
Fixed term tenancy is an option only. The lease is signed based on mutually agreement between the landlord and tenant. It provides security and peace of mind for both parties about the residency of the property. The tenants always have the rights to choose somewhere else if the landlord does not provide other options. This is why the housing supply is not enough because the rules do not play fair for both parties.
Removing Fixed Term Option is bad for tenants who then risk being reno-victed with 60 day notice. Provides certainty and therefore less stress to tenants.
Both tenants and landlords enter into a fixed term fully understanding their contractual roles as to the end of tenancy as well as serving a desired short term occupancy.
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Eliminating fixed term tenancies will likely deter owners from renting residential accomodation and accentuate current shortage of rental housing stock.