Hi All, I have a question. I am currently selling a home that is vacant and in different town then where I live. I go to the house once a week to make sure everything is okay and do touch ups.
I was thinking about renting out a couple of the rooms in the house so that there would be someone in thee, plus It would allow me to get over $500 per month per room. The rooms would be rented to student at a local Massage college. If this house doesn`t sell by the end of summer then I will just keep it and rent out all the rooms.
Question, does renting out rooms fall under the tenancy act?? I read that it doesn`t if the person you are renting the room to shares a kitchen and bathroom with the landlord. Since I don`t really live there and am only going there once a week would this cause problems?? If I sell the house it takes around a month from the time the offer is accepted to the time possession is taken. This being the case I should be ok to give the person 30 days notice once there is an offer accepted and as long as I am upfront with the tenant from the very beginning.
Anybody a BC tenancy law guru.
Any good suggestions or ideas?
Thanks Coreena
I was thinking about renting out a couple of the rooms in the house so that there would be someone in thee, plus It would allow me to get over $500 per month per room. The rooms would be rented to student at a local Massage college. If this house doesn`t sell by the end of summer then I will just keep it and rent out all the rooms.
Question, does renting out rooms fall under the tenancy act?? I read that it doesn`t if the person you are renting the room to shares a kitchen and bathroom with the landlord. Since I don`t really live there and am only going there once a week would this cause problems?? If I sell the house it takes around a month from the time the offer is accepted to the time possession is taken. This being the case I should be ok to give the person 30 days notice once there is an offer accepted and as long as I am upfront with the tenant from the very beginning.
Anybody a BC tenancy law guru.
Any good suggestions or ideas?
Thanks Coreena