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…”

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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.

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