Insights

4 Month Notice Period and RTB Online Portal

We want to inform you about significant changes coming to the Residential Tenancy Act (RTA), effective July 18th, 2024. The RTB is launching a new digital system for generating landlord use notices to end tenancy and changing notice period from 2 to 4 months.

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2024 Residential Tenancy Act Changes and Their Implications

The landscape of rental regulations in British Columbia has recently undergone significant shifts, with updates to the Residential Tenancy Act impacting both landlords and tenants alike. As a leading property management company, it’s SOPM’s our responsibility to keep you informed about these changes and their implications for your rental situations.

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Transitioning AirBnBs to Long-Term Tenancies

With the impending provincial legislation set to take effect in May 2024, tightening regulations on Airbnb and similar short-term vacation rentals, many property owners are faced with decisions about their rental properties. For those considering options beyond selling, transitioning to long-term residential tenancy often emerges as the most viable path forward. If you’re new to the realm of being a landlord and feeling uncertain about where to start, fear not – we’re here to provide guidance, illuminating the ease of this transition and outlining the advantages and considerations of managing long-term rental properties.

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Thank You

We wish to take this moment to thank all of our amazing landlord clients and residents for an...

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