The following electronic version is for informational purposes only.
The printed version remains the official version.
MR. JORDAN STURDY
HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:
CLAUSE 1: [Land Act, section 38.1] adds a new section that establishes a maximum allowable annual rent increase in respect of residential leases on Crown land.
1 The Land Act, R.S.B.C. 1996, c. 245, is amended by adding the following section:
38.1 If a lease issued by the minister under section 38 is for residential use, then the annual increase of rent charged by the minister may not be greater than an amount calculated in accordance with section 43 (1) of the Residential Tenancy Act.
2 This Act comes into force on the date of Royal Assent.
CLAUSE 1: [Land Act, section 38.1] adds a new section that establishes a maximum allowable annual rent increase in respect of residential leases on Crown land.