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

VIDEO: Langley kids meet ‘Darth Santa’

Stars Wars villain helps raise funds for Langley Christmas Bureau

Otter Co-op’s CEO wins top business award

Jack Nicholson was awarded the Business in Vancouver CEO of the year award on Nov. 15.

Cyclist injured in Langley hit-and-run

Rider was taken to hospital

Phasing plans for Brookswood defeated

Council voted against staggering neighbourhood planning in Brookswood-Fernridge.

Murder victim Jagvir Malhi was not involved in gangs, says IHIT

Investigators say Abbotsford man was ‘associated to those involved’ in conflict

VIDEO: B.C. legislature clerk, sergeant at arms suspended for criminal investigation

Clerk of the House Craig James, Sergeant-at-arms Gary Lenz on administrative leave

Former NHL player and coach Dan Maloney dies at 68

Maloney coached the Toronto Maple Leafs and Winnipeg Jets

Ex-MSU president charged with lying to police about Nassar

Lou Anna Simon was charged Tuesday with lying to police during an investigation

Police aim to prevent retaliation after Hells Angel found dead under B.C. bridge

IHIT confirms Chad Wilson, 43, was the victim of a ‘targeted’ homicide

Otter makes a snack out of koi fish in Vancouver Chinese garden

Staff say the otter has eaten at least five fish

Police looking into two more incidents at private Toronto all-boys’ school

Police and the school have said two of the prior incidents involved an alleged sexual assault

B.C. lumber mills struggle with shortage of logs, price slump

Signs of recovery after U.S. market swings, industry executive says

25% of Canadians still won’t say they use pot, survey says

Statistics Canada poll says Canadians on average were 18.9 years old when they first tried pot.

Mustangs down Totems

Aldergrove senior boys basketball team in pre-season games

Most Read