VIDEO: B.C. to end geographic area rent increases, close fixed-term lease loopholes

Both clauses allowed landlords to raise rents above the max annual allowable rent increase

Landlords will no longer be able to use higher neighbourhood rents to justify a rent increase, Vancouver-West End MLA Spencer Chandra Herbert announced in Vancouver Saturday.

“The geographic area increase clause allowed landlords to bully renters into paying massive rent increases,” said Chandra Herbert.

The Residential Tenancy Act clause had allowed landlords to apply to raise rents beyond the maximum annual allowable increase if they could prove that similar units in the neighbourhood had higher rents.

The cap on rent increases is four per cent for 2018.

Chandra Herbert said that landlords would at times apply for rent increase of 70 per cent or more, as well as using the threat of rent increases to convince renters to agree to lower, although still significant increases.

Andrew Sakamoto, executive director of the Tenant Resource & Advisory Centre, said that the geographic area clause had let landlords push rents even higher amidst what has been called a rental crisis in B.C.

Metro Vancouver rental vacancies sit at less than one per cent across all of its communities.

“We can’t allow landlords to use geographic rent increases to bring more units in line with the already inflated market that vacated clauses helped create,” Sakamoto said.

READ: B.C. to give renters a break on deposits, rent increases

The change will go into effect Monday, along with the end of a fixed term lease loophole.

The loophole allowed landlord to have their tenants sign a fixed-term lease with a vacate clause that allowed landlords to either bring in rent increases or evict tenants.

“While the good news that vacate clauses are for the most part eliminated, the bad news is that this loophole has left communities across B.C. with artificially inflated rents,” said Sakamato.

Any renters currently under a fixed-term lease will be able to go to a standard month-to-month lease.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Elizabeth May juggles Island tour to make stop in Comox

Green leader takes exception to latest tactics from the NDP over minority government question

NDP leader Jagmeet Singh to campaign in Port Alberni

Singh joins Courtenay-Alberni candidate for rally to kick off final weekend before election

Comox Valley Regional District agrees to Union Bay governance study

Process will consider whether community should convert services to the region

Scheer, Trudeau, Singh haggle over potential minority government outcome

If you believe the polls, it appears the Liberals and Conservatives are neck-and-neck

Canucks beat Stanley Cup champs 4-3 in a shootout

Leivo nets winner, Vancouver dumps St. Louis for fourth straight win

Campbell River homicide suspects arrested in Vancouver

Two men remain in custody, but have not been charged

‘The more you test, the more you find’: Beef recalls a sign of success, experts say

Despite appearances, experts say a recent rise in major recalls is not a sign of food supply problems

With $4M investment, Camosun College offers first sonography program on Vancouver Island

Starting in May 2020 students from Vancouver Island can pursue a career in sonography

Elizabeth May confirms plan to eliminate fish farming in open ocean pens

Green Party leader stops in Qualicum Beach as part of Island campaign

STRIKE: WFP and USW are back at the table for mediation

“No further updates until either an agreement is reached or one party or the other breaks off talks”

Pole-climbing thieves pilfering wire in Parksville Qualicum Beach area

Repairs are costly and thefts jeopardize public safety

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

Most Read