Condo Act Vs. Residential Tenancies Act

The article discusses the difference between the Condo Act and the Residential Tenancies Act when it comes to leasing or sub-leasing a condo unit. The Residential Tenancies Act governs relations between landlords and tenants and sets caps on rental increases, evictions, and other aspects of leasing and renting. The Condo Act, on the other hand, does not prohibit leasing or sub-leasing, and the condo corporation does not participate in these arrangements. However, condo corporations can enact rules or by-laws, including those that prohibit or restrict short-term leasing, applicable to all residents of a building.