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Multi-Dwelling Leased Parcels - Applying For The Home Owner Grant

Under the Home Owner Grant Act, to qualify for the Multiple Home Owner Grant pertaining to multi-dwelling leased parcels, you must provide all the following information:

  1. A copy of the Lease Agreement
  2. The property tax notice. Payments can be remitted on the bottom portion of the remittance coupon. Do not sign the home owner grant application on your property tax return as the home owner grant value is based on information provided on the Form A.
  3. A completed Certificate of Eligible Occupants and Owner's Certificate (Form A). The form contains detailed instructions for completion and must be submitted for each year in which the grant is being claimed.
  4. The Application to Assessor for Assessment of Residential Buildings on Land Cooperatives or Multi-Dwelling Leased Parcels for Home Owner Grant (Form E). This form must be forwarded to the area assessor of BC Assessment for completion, and included with your Form A.
  5. Proof of the lessee(s)' equitable ownership, which may consist of:

    a) A lease agreement stating that the owner of the improvement has the right to own, erect, modify, raze or remove the residential improvement (residential),

    OR

    b) any one of the following documents:

    • an unregistered agreement for sale for the improvement
    • an unregistered transfer of an estate in fee simple
    • an equitable interest in the original mortgage held by the owner of the parce
    • a bona-fide mortgage between the owner and the eligible occupant representing fair value of the improvements related to the second dwelling
    • a proof of purchase - ie. cash or monetary consideration

You must include the following information with your copy of the Lease Agreement:

  1. A description of the portion of the parcel occupied by the lessee, excluding the portion of the parcel on which the title holder (owner) resides. If the lessee is a joint owner in the land, then only one home owner grant applies as a registered owner cannot lease property they own;
  2. Proof that the owner of the improvement has the right to own, erect, modify, raze or remove the residential improvement;
  3. A statement that the lessee is responsible for property taxes only on the improvement; and
  4. Specification that the lease term is at least one year but not more than three years. Section 73 of the Land Title Act states that the land must first be subdivided before issuing a lease for more than three years.

The lease must be a registerable document, to protect the traditional ownership rights of the eligible occupant. However, it does not have to be registered with the Land Title Office.

The lessee(s) must:

  • not be a registered owner on title for the land
  • meet the eligible occupant qualifications (described in the Application for Provincial Home Owner Grant, on the back of your property tax notice)
  • claim the home owner grant on the value of the residence only
  • prove that they have equitable ownership in the residence

Please provide the above information to either your local Government Agent Office or to the Surveyor of Taxes office.

 

  
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