BRITISH COLUMBIA LANDLORD REGULATIONS
As a landlord, you need to be aware of the laws and regulations that control the obligations of both landlords and tenants.
These laws are covered by the RESIDENTIAL TENANCY ACT (SBC 2002).
You can review the act by logging onto bclaws.ca and follow the prompts to the RESIDENTIAL TENANCY ACT. Or visit http://www.rto.gov.bc.ca/.
You need to familiar with all aspects of this act to properly perform your duties as a landlord, and obey the law. This act also spells out the rights afforded to a landlord with respect to a tenant's obligations under the law. Your property management group will already be familiar with every aspect of the law, and will make sure that you, as the landlord, are in compliance.
The Residential Tenancy Act covers all aspects of the relationship between landlords and tenants. Its goal is to protect the rights of both landlords and tenants, and the obligations of both under contract law. While some of these regulations may seem onerous to the novice landlord, the laws are meant to cover every possible contingency of the relationship between the landlord and tenant. The act also covers how the dispute process should be handled, if a dispute still arises.
A good property management company should be able to prevent or mitigate many potential problems that may ultimately result in a dispute. While the information contained in the Act is available to everyone, and relatively easy to understand and comply with, this is one area of property management that it pays to have professional advice. In the legal realm it is much preferable to prevent a problem rather than to solve the problem after it arises.
Need guidance on B.Cís landlord tenant act? We can help.