Real estate law: Landlords renting rooms in mansions to students
On Behalf of Porter Ramsay LLP | Apr, 24, 2019 | Real Estate Law
Vancouver mansions are being rented out to students for what amounts to a paltry pittance. There is nothing in real estate law that says anyone has to charge a certain rate for rentals, and rooms in some of British Columbia’s most luxurious homes are being rented to students. But when the upwards of $1,100 for each room is added up, landlords aren’t doing too badly. Students, however, aren’t complaining. Landlords are renting these rooms in vacant homes to avoid paying the new tax which is slapped on an owner for a home that sits vacant. Chinese investors are pulling out... View Article