Can I rent my condo in my Strata? We’re beginning to get this question more and more ever since Bill 44 was passed on November 24, 2022. This new bill was effective immediately upon passing and changed multiple areas of Strata law including restricting a Strata Corporation’s ability to enforce bylaws against rentals. As a…Read More→
Can I rent my condo in my Strata?
We’re beginning to get this question more and more ever since Bill 44 was passed on November 24, 2022.
This new bill was effective immediately upon passing and changed multiple areas of Strata law including restricting a Strata Corporation’s ability to enforce bylaws against rentals. As a Homeowner, Landlord, or Potential Homeowner/Landlord, you should understand the following changes:
More information for longer form reading can be found at the following links:
Strata Property Act (Section 121 (1)(c))
What does this mean for you?
If you want to rent out your Strata Lot for a period of at least 30 days, you can simply begin preparing, marketing, and rent it out!
If you’ve had any of the following bylaws in place in your Strata, your Strata does not need to vote to remove them as bylaws, they are just simply unenforceable. This means that they cannot:
If you are unsure about a specific bylaw in your Strata bylaws that you think may circumvent any of the above and place a restriction on you as a Landlord to rent out your unit (additional fees, fines, restrictions specific to tenants, etc.) either seek legal advice, or reach out to us using our contact page.
—
*The above information is not to be relied on as legal advice. If you require professional or legal advise for your personal circumstances, please reach out to us for a referral, or consult with us for property management services.
—
Connect with our Managing Broker, Keaton Bessey on social media:
Twitter | LinkedIn | Instagram | Facebook
Here are some links to other resources, information, and content he has put together:
Blog | Quick Videos for Landlords| Subscribe to our Newsletter
If this article helped you or was missing something, we would love to hear your quick feedback on google: https://g.page/r/CY9STzAnxG_9EBM/review