Disclosure for residential tenancies
Renting Residential Property:
What Tenants Need to Know
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
Real estate professionals have a regulatory requirement to present you with this consumer information before providing services to you.
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 cannot:
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
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.
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.
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.
