Fixed Term Tenancy


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…”


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.

Defining One of the Many Hidden Costs of Making Wine

"We were hoping to bring in more Gewurtztraminer for this vintage but we ended up paying almost 40% in bear tax."

The Kid's Meal Rite of Passage for Vancouver Children Since 1968

"There's definitely an argument to be made for the Pirate Pak being the most emblematic, iconic meal in British Columbia..."

The Section of Perilous Local Highway Everyone is Afraid to Drive (For Good Reason)

"I was planning on heading up to the cabin for the weekend but there's no way in hell I'm going to risk driving The Coq in this weather..."

The (Now) Famous Local Ingredient Few Vancouverites Were Aware of 12 Years Ago

"One of the best, most delicious harbingers of summer in Vancouver is the beginning of the spot prawn season..."