In a stunning, half-way reversal, the B.C. government announced today 2 recent changes to the Residential Tenancy Act (RTA) as they relate to buyers of tenanted properties.
The initial changes laid out in Bill 14, which came into effect on July 18, 2024, required four months’ notice – instead of the previous two months’ notice – for evictions due to personal or caretaker use. The legislation also raised the dispute period from 15 days to 30 days.
Now the government is amending the regulation to lower the personal-use notice period to three months and the dispute period to 21 days for situations when a landlord gives notice to a tenant on behalf of a purchaser. These changes come into effect on August 21, 2024.
To read the full statement from the BC Government, click here.
To read CBC coverage of these latest developments, click here.