Has The Toronto Bubble Finally, Popped?
As a landlord in Ontario, the process of evicting tenants when selling a rental property is governed by specific regulations under the Ontario Rental Guidelines 2024. Tenants can only be evicted in such circumstances if the purchaser or a close family member of the purchaser intends to occupy the unit personally. This is a protective measure to ensure that tenants are not unfairly displaced.
To legally evict a tenant for this reason, landlords must provide proper notice using the Notice to End a Tenancy (Form N12). This notice must be given at least 60 days before the termination date and coincide with the end of a rental period or lease term. Additionally, the notice must include the purchaser’s intention to occupy the unit and the relationship between the purchaser and the family member intending to move in.
Under the Residential Tenancies Act, tenants are also entitled to compensation when evicted for this reason. Landlords must provide the tenant with either compensation equivalent to one month’s rent or offer another rental unit that is acceptable to the tenant. This compensation is designed to assist the tenant in finding alternative accommodation and to mitigate the inconvenience caused by the eviction.
Landlords must follow these regulations meticulously to avoid legal repercussions and ensure a smooth transition. Failure to provide the correct notice or compensation can result in the eviction being deemed invalid by the Landlord and Tenant Board (LTB), potentially leading to delays and additional costs.
By adhering to these guidelines, landlords demonstrate compliance with Ontario’s rental laws, fostering a fair and respectful relationship with their tenants. This approach not only helps in maintaining a positive reputation but also ensures that the sale of the property proceeds without unnecessary legal complications. Understanding and implementing these procedures is crucial for any landlord looking to sell a rental property while respecting the rights and needs of their tenants.
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