Radium Real Estate

Renter to Landlord: How and why to ask for a rent moratorium or reduction

If you lose a job, even temporarily, it might mean you need to ask your landlord for some rent relief. The COVID-19 pandemic has definitely negatively impacted the economy and created a lot of uncertainty when it comes to business, and to life in general. It’s important that you understand your options when it comes to rent relief.

Speak with your landlord

The best opportunity to secure your rent relief is to negotiate with your landlord. If you are financially impacted by COVID-19 and are unable to pay rent, speak with your landlord and explain your situation. There are many situations where landlords have allowed rent reductions and rent deferrals because of the coronavirus outbreak.

If your landlord does not agree to provide you with rent relief, then you can try negotiating the transfer of your last month’s rent to your current month’s rent. This is a good time to highlight any agreed terms like deferrals in writing. These contracts will help protect you as a tenant from sudden evictions and will assure the landlord that rent deferred will be paid later on in instalments.

Given the precarious economic situation that the country is in currently, rent deferral can give some individuals breathing room to those impacted by COVID-19. But it is also true that landlords might also be facing financial difficulties themselves. Landlords who have rented out their mortgaged condos might be able to get mortgage referrals but they would still need to pay maintenance fees. While you might seek out rent deferral, keep in mind that your landlord could be in the same situation as you.

When it comes to the financial government, they have not announced any measures to specifically address rent-related issues. They did implement CERB, but since this relief will take time to get to Canadians, the attention has been focused on provincial governments since rent regulation falls under its jurisdiction.

In British Columbia, there is an eviction freeze until further notice and a postponing of eviction orders which are already in place. However, there is no rent relief as tenants are still obligated
to pay their rent. The British Columbia government website encourages renters and landlords to work things out on their own.

If you’re having trouble with negotiating, then here are some more ideas for leverage in your favour:

– You have always paid your rent on time. If you have a good track record of paying your rent, then your landlord will most likely be more willing to hear you out.
– The rental property is in good condition. Keeping the property maintained will make all the difference, so you can mention this.
– You have not had any complaints from your neighbours. Being a good neighbour goes a long way, and if your property manager has not had to deal with any bad situations in the past, they will want you to stay on the property.
– Empty apartments still cost the property owner. When the apartment is vacant, then the property owner will lose money regardless. Remind them of this and how much time it also takes to find a new tenant.

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Windermere Real Estate Calgary

Fairmont BC Real Estate Lot

Fairmont BC Real Estate Lot

This Fairmont BC Real Estate Lot is in Columbia Ridge. Lot 16 Fir Bay is listed for $479,000. The lot has a view of Columbia Lake and the Rocky Mountains.

Fairmont BC Real Estate Lot

Details of the Fairmont BC Real Estate Lot

Lot Size 1.07 Acres
Taxes $2,024
Tax Year 2020

If you are looking for that perfect private lot perched on a ridge over Columbia Lake, this is it. It has excellent topography for a walkout facing the lake. There are trails throughout that meander to the ridge and down to the lakefront. This street is the location of distinction with a legacy ready to be made on each lot.

Fairmont BC Real Estate Lot in Columbia Ridge

Columbia Ridge is a ten-minute drive south of Fairmont Hot Springs. The community has many trails to explore, tennis courts, and their private beach.

Interested in Real Estate Market? Download the FREE Real Estate stats.

If not interested in this Fairmont BC Real Estate Lot, then view some Invermere lots with a view of Lake Windermere.

Invermere Real Estate

If you have any questions about Fairmont Real Estate – Contact DK Rice, your Fairmont Hot Springs Realtor.

 

 

View Windermere Lot that has unobstructed views of the Rocky Mountains Range.

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Fairmont Hot Springs - Windermere Real Estate

Fairmont Hot Springs Ski Hill newest addition

The New Snow Making Technology Comes to Fairmont Hot Springs

The Fairmont Hot Springs Resort in the Columbia Valley of British Columbia has recently invested in a technology specifically designed to make snow. The objective here is to extend the upcoming ski season of 2019-20 that will take place at the resort.

This investment will enable the resort to start its seasons earlier and keep them open up until late in the spring. The CEO of the Resort, Vivek Sharma, states that this new technology will double the first-class snow creation capacity.

Fairmont Hot Springs by DK Rice

The New Snow Making System

This technology is commonly used for mega-events like the Olympic Games. The resort management will be able to create snow even in warmer conditions. The resort will be open for service earlier and will remain open later in the spring, and will be able to produce a lot more consistent conditions for snow in the following years.

The Ski Area Manager for the Fairmont Hot Spring Resort, Peter Harding, recalls when the original snowmaker system was installed here back in 1979. He says that the new system will provide the junior and novice teams to practice for the upcoming season before time.

The ski area of the Fairmont Hot Spring Resort is ideal for all abilities and ages. He says that he himself has taught to ski several kids who come back as adults with their own kids. With the new snowmaking system, the resort will continue to welcome new generations for many years to come.

Fairmont Hot Springs real estate

Fairmont hot springs Resort BC Canada

The Fairmont Hot Springs Ski Hill is a family-friendly place. It has everything you want for having fun on the slopes. The snow conditions here are fantastic, and the pace has equipment rentals and ski shops too. The views of the Columba Valley surrounding the Rocky Mountains are as mesmerizing as ever. You will surely have the experience that you will never forget.

The Resort has a total of 14 runs that range from black to green diamond. This means that there is something for everyone. There are three accessible lifts, including the Pony Express as well. If you plan your visit right now, then don’t forget about the terrain parks with two levels. The easier one is for novices and kids. The upper terrain is for the experienced ones who are looking for more excitement.

Each of the tickets comes with same-day access (complimentary) to the legendary hot springs as well. This is an ideal option for a relaxing time after a day full of snowy excitement!

Contact DK about any Fairmont Real Estate questions.

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