The BC Government just published a repayment framework for residential tenants who’ve fallen behind in their rent, along with a couple of other announcements about residential tenancies. Here are the key points on the repayment plan:
the residential eviction ban will be lifted before September 1 (which means full rent will be due in September)
late payments during the emergency period aren’t considered cause for eviction and a tenant can’t be evicted for unpaid rent during the emergency unless they have defaulted on their repayment plan,
tenants who have fallen behind in their rent will have until July 2021 to pay it back, as long as they make monthly installments (landlords can’t charge late fees),
the first installment will be due 30 days from when the landlord presents the repayment plan – probably October 1 for most tenants, and
landlords and tenants can still negotiate additional terms, as needed.
Dean Birks - REALTOR® | Royal Lepage Aspire Realty
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