Fixed Term Tenancy

woodwards2

Fixed Term Tenancy | Ostensibly, a residential lease wherein landlord and tenant agree to terminate the tenancy after a fixed term (usually one year). In Vancouver, however, it is increasingly thought of as a device that enables landlords to annually raise rents beyond the 2.9% allowed by the Residential Tenancy Act. Typically, pressured renters only assent to these types of tenancies in order to secure shelter in the very competitive rental market. It is a cruel trick that all landlords can currently play on local renters, and thus a loophole that badly needs to be closed.

Usage | “It was either sign the Fixed Term Tenancy or keep looking, but there’s just nothing out there…”

explore-the-lexicon

There are 2 comments

  1. As a boomer, I apologize to the millennials for leaving you an empty cupboard and cardboard box.
    Myself personally, I will be working until I hit “freedom ninety five” but that fault is mine.
    When the bus of opportunity came rambling down the road years ago, I think I was in a pub enjoying
    cheap beer and inexpensive wings.
    Today, that bus is no where to be seen.
    So here we are, living in a city that demands Paris, London, NYC rents.
    Let’s be honest: at the end of the day, compared to these places, we’re a one horse town.
    I know, I know:
    “If you don’t like it Anthony, then leave”

    All the best

  2. You do not have to live downtown, there are plenty of affordable units in other areas just do a quick search because I can find a lot.

The Iconic Structure That Towers Over The Heart of Gastown

"If I could live anywhere I wanted in Vancouver, it would be in the Hotel Europe's second floor patio suite overlooking Gastown..."

The Wildly Successful Art Show We Wish Was Still Around

"The coolest thing about The Cheaper Show was the genuine thrill finding a piece of art that you loved that hadn't sold yet."

The Stretch of Road That Helps Feed Vancouver Every Day

"I wonder what will happen when the viaducts come down and Produce Row sees its traffic increased by a billion percent..."

Yes, That Is a Floating Gas Station in the Middle of Coal Harbour

"When I was a kid I thought the Chevron Barge was full of cigarettes because my Mom bought smokes at our corner Chevron..."