Be sure to check the rules in your province. The total cannot exceed the full amount of the first month’s rent. In Alberta, if this fee is refundable, it becomes part of the security deposit. This is over and above the security deposit, and can only be used to pay for damage caused by the pet. In BC, landlords can charge a pet deposit up to half of the amount of the current month’s rent. Pet deposit: If you are allowing pets, you may want a damage deposit in case of any damage caused by the pet. Be sure you know the rule in your province. In Alberta, it cannot be more than the full amount of the first month’s rent. Security deposit: Is one required and if so, how much? In BC, the security deposit cannot be more than half of one month’s rent. Term: Is the tenancy for a fixed term, or will it be on a month-to-month basis? The rules in your province might decide some of this for you in BC, for example, you can’t stipulate that the tenant moves out at the end of a fixed-term lease except in specific circumstances-the lease instead becomes month-to-month at the end of that term. Next, it’s important you describe when the tenancy begins, any deposits that are required, and other important aspects with your new tenant. In BC, you must provide notice three whole months’ before the rent increase takes effect. You then need to give the tenant notice of the increase. Similar forms are available in other provinces. For example, in BC, you must check the Residential Tenancy Branch website to see the maximum allowable rent increase for the current year.Īgain, in BC, you’ll need to deliver the correct form to the tenants, also available from the RTB. When may it be increased (and by how much)Įach province has rules regarding rent increases.
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