Download Disclosure-for-Residential-Tenancies_Website
Renting Residential
Tenants Need to Know
Real estate professionals have a regulatory requirement to present you with this consumer information before providing services to you.
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BC Financial Services Authority is the legislated regulatory agency that works to ensure real estate professionals have the skills and knowledge to provide you with a high standard of service. All real estate professionals must follow rules that help protect consumers, like you. We’re here to help you understand your rights as a real estate consumer. Keep this information page for your reference.
This information from BC Financial Services Authority explains the role of a real estate professional when you are considering renting a property.
The real estate professional who gave you this form represents the owner of this residential rental property. While this real estate professional can provide some limited services to you as a prospective tenant of this rental property, they owe a duty of loyalty to the owner, and are working for the owner’s best interests.
This form sets out what this real estate professional can and cannot do for you as a prospective tenant in relation to this rental property.
THEY CAN NOT:
✗ give you advice on terms and conditions to include in a tenancy agreement
✗ negotiate on your behalf
✗ share any of the owner’s confidential information with you
THEY CAN:
✓ share statistics and general information about the rental property market
✓ provide you with standard forms and contracts such as a rental application and/or tenancy agreement
✓ show the property
✓ assist you to fill out a tenancy agreement
✓ communicate your messages and present your offers to their client
Find information about the rights and responsibilities of tenants and landlords from:
• BC Residential Tenancy Branch: gov.bc.ca/landlordtenant
• Tenant Resource & Advisory Centre: tenants.bc.ca
As a prospective tenant you should consider seeking independent professional advice about renting property.
Because this real estate professional is working in the owner’s best interests, they have a duty to share important information with the owner if disclosed by you including, for example: your motivations, your financial qualifications, and
your preferred terms and conditions.
Renting Residential Property: What Tenants Need to Know
DISCLOSURE FOR RESIDENTIAL TENANCIES
This is a required disclosure form in compliance with sections 54 and 55 of the Real Estate Services Rules. The real estate professional must present the Renting Residential Property: What Tenants Need to Know information page to you along with this disclosure form.
REAL ESTATE PROFESSIONAL DISCLOSURE DETAILS
I disclose that I represent the owner of this rental property. I cannot represent you or act on your behalf. The duties of a real estate professional as outlined in this form apply to all team members.
Brokerage :Sunden Management Ltd.
CONSUMER ACKNOWLEDGMENT:
This is NOT a contract I acknowledge that I have received the Renting Residential Property: What Tenants Need to Know consumer information page and this disclosure form.
I understand that the real estate professional named above is not representing me as a client or acting on my behalf in this transaction.
A copy of this disclosure is not required to be provided to BC Financial Services Authority unless it is specifically requested.