Navigating British Columbia's New Rental Strata Act Changes: What You Need to Know
If you're a renter or a homeowner in British Columbia, you need to know about the recent changes to the Strata Property Act. These changes, which took effect on November 24, 2022, have a significant impact on renters, landlords, and real estate professionals alike.
The biggest change is that all rental restriction bylaws are removed, with the exception of bylaws that restrict short-term rentals such as Airbnb or Vrbo. This means that Strata Bylaws will no longer be able to restrict homeowners from renting out their units other then on a short term basis.
The second big change is that all age restriction bylaws are removed, with the exception of "seniors only" (55-plus) rules. This means that strata corporations will no longer be able to have age restrictions, such as a 19-plus age limit.
If you're a renter or a homeowner, it's important to be aware of these changes and understand your rights and responsibilities. If you have any questions or concerns, be sure to seek legal advice.
If you're thinking of buying or selling real estate in British Columbia, it's more important than ever to work with a team of experienced professionals who understand the new changes to the Strata Property Act and how they may affect your property.
Our team of experts has the knowledge and experience to guide you through the buying or selling process, taking into account the new changes to the Strata Property Act and ensuring that your best interest is kept at the forefront. We understand that buying or selling a home can be a daunting process, but we're here to make it as easy and stress-free as possible.
If you're ready to take the next step in buying or selling real estate in the Fraser Valley, give our team the Thorne Maisey Bongers Real Estate Group today a call today 604-306-7472. We'll be happy to answer any questions you may have and provide you with the expert guidance you need to make the right decision for you and your family.
Stop in C100 20178 96th Ave Langley BC | Give us a Call 604-306-7472 | or Drop us an email hello@tmbrealestate.com