To Our Valued Clients
As we have been navigating through the constantly changing forecast of this pandemic we are finding tenants in need of financial support and assistance from our governments to continue to secure their homes. We have already reached out to some of you to discuss tenant concerns and requests for rent deferrals. These rent deferrals are exactly that, we are deferring an agreed amount of rent to a later date when, one, funding comes through from the government, or two, the tenant is able to resume a normal working schedule and income.
To qualify, tenants must prove that they are financially (laid off or closed business practice) or physically (due to illness) unable to secure income during a period of social distancing and/or self isolation.
If your tenant has reached out to us and is unable to meet the obligations of their tenancy agreement, we will reach out to you. If your tenant has not reached out to us we are assuming they are able to pay the rent as they usually do.
Now that we are in Phase 3 of British Columbia’s re-opening plan, some tenants have returned to work and will be financially able to pay rent, and for some, also re-pay deferred rent. For others, the BC Temporary Rental Supplement Program (BC-TRS) has been extended to the end of August 2020.
The BC Provincial Government has announced the following changes to the rules of Residential Tenancy under the current State of Emergency:
- $300-500/month BC Temporary Rental Supplement Program extended for July and August 2020
- Evictions will be allowed under any circumstance, except unpaid rent
- Rent increases are still under a freeze but notices can go out and the increase will take effect as soon as the state of emergency has been declared over
- Landlords can once again inspect their properties with the appropriate measures in place
See the link below for more information:
The Federal Government has also offered relief in the amount of $2000 per month (CERB Canada Emergency Response Benefit) for those who are out of work, sick, or looking after someone who is sick. The CERB has been extended from 16 weeks to 24 weeks.
We have compiled a list of resources available to Tenants and Landlords, please go to this page to learn more:
COVID-19 Overview of Available Programs
Once again, we will contact you if your tenant is having concerns, and we, together with the tenant, will find an acceptable deferral amount and future payment plan so everyone can meet their obligations.
We are all working to make sure we get through this together!