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Residential Tenancies Branch
Facts About Life Leases
The following information applies to both "new" and "existing" life lease projects. A "new" life lease project is one where the landlord didn’t enter into any life leases before December 1, 1999. An "existing" project is one where the landlord entered into at least one lease before that date.
- landlord changes feature of unit or complex
- landlord increases entrance fee amount
- seven day cooling off period
- unit not ready on time
- increase by landlord
- receipt
- refund at end of tenancy
- what a landlord must tell a tenant before accepting an entrance fee
- what a landlord uses them for
Investment of Refund Funds/Reserve Funds
- assigning a life lease
- cancellation rights
- conflict between life lease and Residential Tenancies Act or Life Leases Act
- landlord to provide copy
- terminating a lease
- withdrawing an Offer to Lease
Notice to end a life lease tenancy
- what a landlord must tell a tenant before accepting one
- refund if tenant changes their mind
- receipts
