Town of Banff

BHC Rental Policy

Rental of a BHC Property: 

A BHC property is to be the primary residence of the BHC owner (Sub-Lessee). The definition of "Primary Residence" as contained in the sublease agreement indicates that the residence “is the place that the Sub-Lessee ordinarily and continually occupies as his residence on a full time basis, as determined by the Corporation." The BHC Board (Board) determines full time basis to be day to day.

Article 4a)i of the Sublease Agreement allows an owner to leave the property vacant for a six month window in any twelve month period, and 4a)ii of the Sublease Agreement indicates that homeowners must receive approval from the Board if they wish to rent their premises for any window of time. The Board reserves the right to refuse rental requests at their discretion.

Should a homeowner wish to rent their premises they must provide their request to the Board in writing. It is the practice of the Board of the BHC to grant rental requests to sub-lessee’s for educational and/or work related reasons and such approvals are generally one year long at which time the sub-lessee must decide whether they wish to return to Banff and continuously occupy the premises on a full time basis or move forward with their new opportunity (ies). In cases where a homeowner is leaving the Bow Valley to study, say a three year course, the Board will approve rental during the first year of study and then requests that the homeowner return in each of the following years with subsequent requests demonstrating that they are continuing with their studies. 

At a minimum, rental approvals will be subject to the following conditions:

• The property cannot be rented to a business and/or used for the purposes of staff accommodation;
• The homeowner rent to a resident of the Town of Banff who meets Parks Canada’s eligible residency requirements and is advised that they are required to update their statutory declaration on eligible residency to Parks Canada ;
• The homeowner has received approval to rent their premises from the condominium association (if applicable); 
• The homeowner identify a local representative who is authorized to act on behalf of the homeowner, including contact name and number, during their absence;
• That the homeowner provide the names of the tenants occupying the premises;
• That the tenant does not sublet the residence;
• That the homeowner must request an extension to the period outlined above if such is required to complete their studies (if applicable);
• It is also understood that this consent does not constitute approval for future rental