A landlord has five basic options when a commercial lease goes into default:affirm the lease and sue for amounts due; affirm the lease and distrain the tenant’s goods on the premises for rent in arrears; terminate the lease and re-enter the premises affirm the lease and relet the premises on the tenant’s ...
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Where there is an existing tenancy and your client wishes to move into the property, the existing tenancy will have to be terminated in accordance with the provisions of the Residential Tenancy ActFor the new Buyer to move into the property the Seller must file a "Two Month Notice to End Tenancy", Form RTB-32 The ...
Continue ReadingInvestors are often looking to buy property which generates rental income Many investment advisors see property as a key component of the financial portfolios for high net worth individualsRealtors should ensure that their investor clients have all the information they need to make a decision on a rental property I...
Continue ReadingBuying a home with existing tenants involves a few additional obligations on buyers and sellers asthere is another party involved (the tenant), and there are additional provincial laws that appy (the Residential Tenancy Act) Prior to considering the purchase of a rental property buyers should ensurea) that the ...
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