BC Businesses Protected From Eviction

Businesses in British Columbia that are eligible for rent support from the federal government are now protected from evictions as the BC government issues a new order under the Emergency Program Act (EPA). Eligible businesses whose landlords choose not to apply for the federal Canada Emergency Commercial Rent Assistance (CECRA) program will be protected from evictions due to unpaid rent payments through to the end of June, as determined by the federal program timelines. The EPA order restricts the termination of lease agreements and the repossession of goods and property. The CECRA program provides relief for small businesses experiencing severe financial hardship due to COVID-19. It offers forgivable loans to eligible commercial property owners to reduce the rent owed by their impacted small business tenants and to meet operating expenses on commercial properties. Property owners must offer a minimum of a 75 per cent rent reduction for the months of April, May, and June. The CECRA loans to landlords will be forgiven if the landlord complies with program terms and conditions, including an agreement to not recover forgiven rent amounts when the program is over.