Nanaimo

Tenant Disclosure

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.

1. 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

2. 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.

NO, I DO NOT WANT TO PROCEED.

YES, I UNDERSTAND THAT I WILL BE AN UNREPRESENTED PARTY AND WOULD LIKE TO PROCEED WITH DOWNLOADING THE APPLICATION.