Landlords

vancouver rental vacancy rate

Vancouver Rental Vacancy Rate

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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How to: Relist a Property

How do I relist my rental on liv.rent? 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! 1. Update Availability In the landlord dashboard, follow these steps: Select TenantsSelect the Listing to be re-listedClick on ResourcesClick on Relist this UnitModify the ...

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Residential Tenancy Act Guide: Dispute Resolution

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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Landlord Guide: When to return or hold security deposits?

As a landlord in BC, at the beginning of a tenancy, you can require a tenant to pay: a security deposit equivalent to one-half of one month’s rent; and if they have a pet, a pet deposit equivalent to one-half of a month's rent (so a full month's rent in the case of pet-owning tenant) Tenants must pay the security deposit within 30 days of entering into the tenancy agreement or ...

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Landlord Guide: How to End or Extend a Tenancy Agreement

How To End Or Extend A Tenancy Agreement As a landlord, many months may go by without any contact with your tenant and usually this is a good thing. However, once or twice a year, depending on the tenancy agreement or when the lease contract is nearing its end, you will need to reach out to your tenant to renegotiate the lease. In less common instances, you may want to end ...

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Stratas – Everything You Need To Know

What is a strata? In Vancouver, the most common form of strata housing is a condo. Typically these are apartments, townhouses, duplexes or even single family homes owned by a governing body known as the strata corporation - or strata for short.  However, a strata can also be land, just rarely in Vancouver. When you buy one of these properties, you become a co-owner of the self-governed, strata corporation and, as ...

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BC Residential Tenancy Agreement Explained

Finding a place is hard enough. When it comes to signing the BC Residential Tenancy Agreement, or rental agreement, it's a whole other ballgame. Read on as we break down what you need to know and pay attention to regarding BC Residential Tenancy Agreements. With Liv Rent, we make it easy as any past, current, or upcoming lease contracts signed on our platform can be pulled up and exported in ...

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The Empty Homes Tax & How To Avoid It For 2019

What is the Empty Homes Tax? After its first year of implementation, the Empty Homes Tax and BC Speculation and Vacancy Tax, instituted to target vacant properties, increase vacancy rates and create affordable housing, is estimated to generate $38 million dollars - $8 million more than originally projected. As this wasn't the original intent of the tax, the City is now considering a number of changes. As a quick summary, here is ...

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Top 10 Tax Deductions for B.C. Landlords

Do you take advantage of all the deductions available to you as a B.C. landlord? When you own a rental property, you are legally obligated to report all rental revenue on the Statement of Real Estate Rentals schedule on your personal tax return. Thankfully, you are also able to deduct a number of landlord expenses from your gross rental revenue and then pay tax only on the amount remaining. To ...

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