[nds88]

Originally Posted by a very long weekend

1) Length of the tenancy... If the agreement doesn’t say what happens at the end of the term, the tenancy continues on a month-to-month basis and the tenant doesn’t have to move out or sign a new fixed-term agreement

http://www2.gov.bc.ca/gov/topic.page?id=13E687F984CF4E12ADAD4C4A270A71BD&title=Tenancy%20Agreements

2) Landlords can only increase the rent once a year by an amount permitted by law or an additional amount approved in advance by an arbitrator – they need to use the right form and give the tenant three full months’ notice of the rent increase.
The maximum allowable rent increase changes each year.
http://www2.gov.bc.ca/gov/topic.page?id=...406&title=Residential%20Rent%20Increases

Thanks Long Weekend.

1) Now its more clear. M-t-M if the tenant chooses at the end of the lease if option 2)b)i) was selected in form RTB-1 (unless an addendum or note explicitly writes that a new lease is the first option)

Its still not Sun Tzu approved for a landlord, so this reinforces not using it.

2) I believe that this only applies to M-t-M agreements. If its signing a brand new second lease, there is freedom to choose the new rate. Bit of a loophole.

Also, it is not legal to have a clause that says new owners negate existing agreements. The new owners take over the tenancy and must honor the contracts in place.

So if Klazu does convert to M-t-M, he should be good with the 2-4% increase (I still recommend checking with a lawyer or the tenancy board)