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Friday, 3 February 2012

Strata: Rental Restriction Passed. Effective Now?

Where a New Rental Restriction Bylaw is just passed, its application will be effective at least 1 year later.

For condo without tenant (i.e. owner-occupied unit), the bylaw will apply 1 year later.

For condo with a current tenant, the bylaw will apply 1 year AFTER THE TENANT HAS MOVED OUT.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.