In an announcement on August 14 the Provincial Government released the full details on the Residential Tenancy Branch’s Repayment Plan framework. This announcement brings with it a significant change to the timing of the end date of the moratorium on ending tenancy for unpaid rent. It was previously announced that this would end when the Provincial State of Emergency is lifted, the updated regulations have changed this to a fixed date; August 17. LandlordBC fully supports this change as it removes the significant uncertainty surrounding the previously announced framework.
The changes are part of an update to the Residential Tenancy Regulations which set out a clear process landlords must follow to address rent due but unpaid between March 18th through to August 17. The updated regulations also provide guidance regarding late fees and rent increases.
Unpaid Rent and/or Utilities from March 18 to August 17, 2020
Please Note: Do not serve the repayment plan until August 18th. Use the RTB Repayment Plan form.
Angela Calla is a 16-year award-winning woman of influence and mortgage expert. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. She educates and empowers individuals on the “The Mortgage Show”, which she’s hosted for over a decade and is the best selling author of The Mortgage Code available on Amazon. All proceeds from her book sales are donated to Access Youth Outreach services, a local charity in our community supporting our youth.
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