[FAQ] Do Landlords need a Business Licence for their Rental Property?

Yes, to rent your residential property in the area of City of Vancouver, property owner needs a rental property business licence, even if you hire a property manager.  This includes the typical One-family dwelling, apartment house, and also laneway house and secondary suite and rooming house.

2 types of fee are involved : One-off Application Fee for new business license, and annual recurring license fee, which normally expired each year on December 31.  The license Fee is prorated in the first year based on when the license starts.

More info. can be found in the City of Vancouver Government Website.
https://vancouver.ca/doing-business/long-term-rental-business-licence.aspx

Understanding the local rules and regulations, as well as licensing requirements, are essential for landlord. It is always unwise to rent out a property without the required licenses and approvals. Talk to your property manager to understand more.