The implementation of Bill 14 introduced updates for buyers and sellers of tenanted properties under the Residential Tenancy Act. These changes affect how and when notice can be served to obtain vacant possession of a property and impose stricter penalties for non-compliance or bad-faith evictions.
To increase awareness about these changes, an information page has been added to the Tenant Occupied Property – Buyer's Notice to Seller for Vacant Possession form. This page outlines the updated requirements for requesting vacant possession, the personal information needed to generate notices, and the potential legal and financial penalties for non-compliance.
The addition of this new information sheet ensures that the form aligns with important considerations pertaining to the Residential Tenancy Branch's changes to its portal, which are now in effect as of Wednesday, January 22, 2025.
The updated form includes a new information sheet and is now available on WEBForms and the Royal Pacific Intranet.
Search our directory or contact us today to let us find a REALTOR® to help you today. Contact Us