Thinking of purchasing a strata lot to rent out on the short-term market? If so, you may wish to familiarize yourself with the applicable rental restrictions.
The popularity of short-term rentals such as Airbnb continues to soar, making them an increasingly attractive revenue stream for potential property investors.
NOTE: The below article is a shortened version summarizing material information regarding the Empty Homes Tax. Click here for the full version including additional commentary and examples.
1. Vancouver’s new Empty Homes Tax became effective January 1, 2017.
Targeting the approximately 10,000 year-round empty and 10,000 under-occupied homes in Vancouver, homes ...
British Columbia’s new Guide Dog and Service Dog Act (which we wrote about in an earlier blog post) will come into force on January 18, 2016.
Corresponding changes to the Strata Property Act will also come into force on January 18, 2016. Strata owners, occupants, tenants and visitors will be able to have their certified guide dog or service dog on strata premises, regardless ...
The Real Estate Services Act (British Columbia) (“RESA”) creates the regime that requires a person to be licensed prior to being permitted to provide “real estate services” in British Columbia to or on behalf of another, for or in expectation of payment. “Real estate services” include trading services, strata management services, and rental property ...
Governing and managing a strata property can be messy and difficult. Strata owners are generally a disparate group with little in common beyond ownership in the strata. From among this group, a strata council must be elected, usually all volunteers who, to one degree or another, are reluctant participants and untrained in strata governance. Yet, it is the members of the ...
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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups.
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