As a Realtor with 30 years of experience in BC, I always remind clients: You must give 3 full months' notice. If you serve notice on Feb 15th, the clock doesn't start until March 1st. Accuracy is the only way to ensure the increase is legally binding!
No. Even rounding up by a single cent makes the notice legally invalid. Use the exact number provided by this tool down to the penny.
The 2.3% limit applies to the total rent. Landlords cannot increase the utility portion separately, even if their costs have increased.
No. This cap only applies to residential tenancies. Commercial leases are governed by their own specific contracts without a provincial limit.
Landlords can only increase rent for a new occupant if the tenancy agreement specifically states the amount. Note: They cannot increase rent for a child under 19.
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