- Joined
- Dec 6, 2007
- Messages
- 33
Hi everybody,
I have a condo in downtown Vancouver (Yaletown area) with a very good tenant (not a single problem so far) but the 1 year lease comes to an end soon.
I was wondering, under the BC regulation, what the max rental increase percentage could be ? and if for the one who are familiar with the downtown market, you think it is still ok to increase the rent with the economy going downhill?
Also, as this is a good tenant, would it be better to sign a new 1 year lease or go with the month to month ?
Thx,
I have a condo in downtown Vancouver (Yaletown area) with a very good tenant (not a single problem so far) but the 1 year lease comes to an end soon.
I was wondering, under the BC regulation, what the max rental increase percentage could be ? and if for the one who are familiar with the downtown market, you think it is still ok to increase the rent with the economy going downhill?
Also, as this is a good tenant, would it be better to sign a new 1 year lease or go with the month to month ?
Thx,