The B.C. government has issued a new repayment framework for renters with outstanding rent from April to August 2020.
Renters will be expected to pay rent in full on September 1, 2020, the province said in a news release on August 14.
Renters in arrears from their rent during the specified period of March 18 to August 17 will have until at least July 2021 to pay back any rent they owe, with the first repayments not starting until October at the earliest, said a news release.
The province says this will protect renters by “ensuring they cannot be evicted for a missed or late rent payment from March 18 to Aug. 17, unless a renter defaults on their repayment plan.”
The province set out the terms of the repayment plan, which must include: amount of outstanding rent; start date of the repayment plan; amount of each instalment; and dates for each instalment.
“The repayment instalments must begin at least 30 days after the date the plan is given by the landlord to the renter,” said the release. “It also must give renters until July 2021 for the final repayments to be made, unless the landlord and renter agree to a longer period. Similarly, while it will be paid in equal instalments, renters and landlords have the option of agreeing to smaller amounts being paid each month in the beginning of the repayment process.
“Each monthly instalment must be paid on the same date the rent is due. For example, if a repayment plan is delivered to the renter on August 29 and rent is due on the first of each month, the first instalment is due Oct. 1, 2020.”
The province also said that landlords are prohibited from charging rent increases until December 2020.
“A renter who has been issued a notice of rent increase for an earlier date should not pay the increase and continue to pay their current amount until then,” said a news release.
The Temporary Rental Supplement also remains available to people until August 31. To date, the supplement has been used by more than 86,000 households.
Renters who are still experiencing a loss of income may also be eligible for either the Rental Assistance Program (RAP) or the Shelter Aid for Elderly Renters (SAFER) programs, which provide ongoing rental subsidies for low- and moderate-income families and seniors
