As a landlord, you will need to familiarize yourself with a number of tenancy forms in order to effectively manage and operate your residential rental properties. Beginning with the Residential Tenancy Agreement form but also the Condition Inspection Report and the Dispute Resolution form, these documents will ensure you are performing your landlord duties in accordance with the laws of British Columbia. Below, we shed some light on the various ...
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Perhaps the biggest challenge for landlords is identifying which applicant will be a reliable, respectable tenant. In order to do this, some screening needs to take place during the application process. Thankfully, the liv.rent team identified this pain point and developed the Liv Score™ feature to help landlords screen and compare potential tenants in a fair and meaningful manner. What is a Liv Score™? The Liv Score™ is an intelligent rating ...
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(LATEST UPDATE: July 17, 2020)The provincial and federal governments of Canada have unveiled sweeping assistance packages to help all Canadians through this unprecedented time. We at liv.rent are here to help landlords and tenants navigate the resources newly available to them during the COVID-19 pandemic. For a quick summary of events impacting Landlords and Tenants, refer to our post: COVID-19 - Update For Landlords and Tenants. Table of Contents For website directories and ...
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In these unprecedented and uncertain times, managing any and all of your responsibilities can seem daunting. However, knowing that your friends, neighbours and fellow global citizens are sharing this experience, will hopefully add a level of comfort and encouragement. For landlords, what are your responsibilities to your tenants and your rental property during the Coronavirus (COVID-19) crisis? For tenants, how should you respond? For information on how to navigate the COVID-19 outbreak, jump to the following sections: Landlord UpdatesRenter ...
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When renting out your property, it is absolutely crucial that you carefully think through a set of rules for your tenants. Many of these should be reflected in the Lease Agreement providing as much detail as possible to avoid any ambiguity. Ultimately, this will help you avoid conflicts with your tenants and, hopefully, preserve the condition of your rental property. Top 12 Considerations when setting Rental Property Rules We’ve outlined the ...
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Is Renting to Students a Good Idea? For many, the idea of renting out your home or apartment to students sounds alarm bells. It really shouldn’t. These tenants can often prove to be excellent – reliable, tidy, and, financially secured by their parents. In fact, having parents as guarantors on a lease, which is the usual case in student situations, is often far more sound than leases with other tenants. We ...
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We hear a lot about the Vancouver rental vacancy rate being very low but what is this metric and what does it really mean? In this post, we shed some light on the matter and its implications for renters and landlords alike. What Is Rental Vacancy Rate? The vacancy rate refers to the percentage of units that are vacant or unoccupied in a city, region or a given property. What is the Vancouver ...
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So your tenants have given you notice and you need to relist your property on liv.rent? Thankfully, your property details are saved in app so relisting and pushing out your property to liv.rent users again is as easy as 1, 2, 3! In the landlord dashboard, follow these steps...
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Dispute Resolution Tip and Tricks Unfortunately, tenant-landlord relations aren’t always as harmonious as either party would like. As a result, the provincial government has established guidelines and procedures to follow should such discord arise. The most common reasons tenants seek dispute resolution: Dispute a Notice to End Tenancy when a landlord wants to break a fixed term lease pre-maturely. Dispute an additional rent increase when a tenant believes a landlord has unfairly increased rent. ...
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Eviction is not a pretty word. It is a last resort but it is a reality when you have bad tenants. So as a landlord, you need to know how to evict a tenant. The most common reason for eviction is unpaid rent. Missed rent payments can have a huge impact on your cash flow, occasionally making eviction notices a necessary evil. Reasons for Eviction If it comes to this, you will ...
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