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1.10 Summary

  • The Tenant Resource & Advisory Centre (TRAC) and Residential Tenancy Branch (RTB) are great sources of information for renters
  • Renting is a legal agreement between a landlord and a tenant. This is commonly referred to as a tenancy.
  • Rent is the money a renter, or tenant, pays to their landlord on a regular basis – usually once per month.
  • Rent covers the cost of different things at different places, so always ask yourself – what is included in the rent?
  • Planning ahead by making a budget is the best way to determine how much rent you can afford.
  • You need to identify your rental needs and preferences in order to find the place that’s right for you.
  • Consider your unique rental requirements – such as smoking, roommates, pets, or accessibility.