BC Rental Property Management Licensing Practice Quiz
Free · 192 Questions.

• Require a pet damage deposit within the limits set by sections 19 and 20 of the Act
• Charge a recurring pet rent of $25 per month on top of the regular rent amount
• Require a pet damage deposit equal to a full month's rent, however small the pet is
• Do nothing, because pet damage deposits can only be taken at the start of a tenancy

Why: Section 18(2) says that if a landlord permits a tenant to keep a pet, the landlord may require a pet damage deposit in accordance with sections 19 and 20. Section 20(c)(ii) allows it when the landlord agrees to the pet during the tenancy, and section 19 caps it at half a month's rent, so a full month is too much.

• At 4.5% below the prime lending rate on January 1 of each year, compounded annually
• At a flat 2% per year, paid out in full when the tenancy ends
• At the prime lending rate of the Province's principal banker, compounded monthly
• At 4.5% above the prime lending rate on the first day of the tenancy, not compounded

Why: Regulation section 4 sets the interest rate under section 38(1)(c) of the Act at 4.5% below the prime lending rate of the Province's principal banker on the first day of each calendar year, compounded annually. It is not a flat rate, and it is below prime, not above it.

• August 31
• March 31
• March 3
• February 28

Why: For a fixed term tenancy the tenant's notice must be at least one month after receipt, no earlier than the end date in the agreement, and the day before rent is due. The end date of August 31 controls. March 31 is the answer that would apply to a month to month tenancy, which is the common mistake.

• April 30
• April 12
• March 31
• March 22

Why: A notice for cause must end the tenancy no earlier than one month after receipt and on the day before rent is due. One month after March 12 is April 12, and the day before the next rent due date is April 30. March 22 comes from using the 10-day period, which applies to a notice for unpaid rent, and April 12 ignores the day-before-rent-due rule.

• The fee may not exceed $25, and the tenancy agreement must provide for it
• The fee may not exceed $25, and it may be charged under any written park rule
• The fee may not exceed $50 if the rent is more than five days overdue
• The fee may be any reasonable amount set out in the written park rules

Why: Regulation s. 5 (1) (d) allows an administration fee of not more than $25 for a returned cheque or late payment of rent, and s. 5 (2) says the landlord must not charge it unless the tenancy agreement provides for it. A park rule alone is not enough, which is why relying on a park rule alone is wrong.