HOUSING AGREEMENT (AFFORDABLE HOUSING) BYLAW NO. 10437 TO SECURE 156 AFFORDABLE HOUSING UNITS, HOUSING AGREEMENT (MARKET RENTAL HOUSING) BYLAW NO. 10438 TO SECURE 120 MARKET RENTAL HOUSING UNITS, AND HOUSING AGREEMENT (MARKET RENTAL HOUSING) BYLAW NO. 10439 TO SECURE 17 MARKET RENTAL HOUSING UNITS IN PHASE 1 AND PHASE 2 OF THE PROPOSED DEVELOPMENT LOCATED AT 8671, 8731, 8771, 8831/8851 CAMBIE ROAD, 8791 CAMBIE ROAD/3600 SEXSMITH ROAD, AND 3480, 3500, 3520, 3540/3560 SEXSMITH ROAD

The 120 market rental housing units included in Phase 1 and the 17 market rental housing units included in Phase 2 will be secured in perpetuity by registering a Housing Agreement on title. The Housing Agreement restricts the use of the units to rental tenure only, to be rented at or below prevailing market rates in perpetuity, with no restrictions on annual household incomes of tenants or maximum rents. In addition, the Agreement stipulates that the units must be rented on a month-to- month or longer basis (i.e. no short-term rentals) and prohibits the owner from imposing any age- based restrictions on the tenants of the market rental units. The Housing Agreement specifies that occupants of the market rental units shall have unrestricted access to indoor building amenities, all residential outdoor amenity spaces on the lot where the units are constructed and all associated shared facilities ( e.g. visitor parking) in the development. Tenants of the market rental units will not be charged strata fees or additional charges or fees associated with the use of common amenities. In order to ensure that the owner manages the market rental housing units in accordance with the terms outlined in the Housing Agreement, the Agreement allows the City to conduct a statutory declaration process, similar to the statutory declaration process for LEMR units, no more than once per year. If the owner decides to sell the market rental housing units, the Housing Agreement requires that all units on each lot must be sold to a single owner.

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗