Reducing vacate clauses in B.C. residential tenancy agreements

By Nicholas Shon and Andrew Mildenhall ( November 17, 2017, 8:30 AM EST) -- In response to British Columbia’s red-hot real estate market, various levels of government have taken measures to mediate the growth of the residential market and to address public concerns regarding perceived loopholes related to rental regulations. One such measure includes Bill 16, the Tenancy Statutes Amendment Act, 2017. The bill, introduced by the Municipal Affairs and Housing Minister Selena Robinson, passed first reading on Oct. 26, 2017, with a second reading having been initiated on Nov. 2. Should Bill-16 become law, it will significantly impact residential landlords and developers....