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Welcome to Smart
rent out several apartments or just your basement suite, you are in the
business of being a Landlord and should approach landlording in a
professional and business-like manner.
Landlord in BC brings many legal responsibilities and financial
obligations. You must comply with governing bodies and health,
safety and housing standards required by law, even if it is just your
basement suite. In addition, rental income is taxable and must be reported
to the Canada Revenue Agency.
all households in British Columbia are rented, and according to the
Residential Tenancy Branch, there are approximately 25,000
arbitrated tenancy disputes every year in BC.
As a Landlord,
the odds that you will be involved in a tenancy dispute of some sort are
fairly high. Because of this, we are here to help you understand your
rights and responsibilities. Knowing the Residential Tenancy Law will help
you avoid and/or settle disputes without having to go to arbitration.
Smart Landlord Tip
will document everything. Do your best to communicate with your
Tenant in writing, otherwise be sure to write down the date and time of
every conversation and every inspection. Keep copies of all your
documentation. Read the Residential Tenancy Act and know your rights
excited to share with you some of our most popular articles, ideas
Are You Cut Out
To Be A Landlord?
Killer Classified Ad
Hiring A Property Manager
Rental Forms and Samples
Avoiding Bad Tenants
Reference and Background Checks
Renovating a Tenanted Property
Ending A Tenancy