Tips - When a Landlord Wants to Sell Their Home

When a landlord plans to list a house or condo for sale, it may lead to conflicts with tenants. The landlord would want many showings for their property, while tenants can be annoyed with inconvenience. Here are some rules that are important to keep in mind.

* Landlords can sell their home at any time.

* If a tenant has a lease, they cannot be evicted before the end of their lease term.

*When a lease ends, it automatically becomes a monthly tenancy. The tenant must be given 60 days notice to vacate, provided that a buyer has already unconditionally agreed to buy the home.

*If a tenant refuses to let buyers in to see the property after being given proper notice, the landlord can begin eviction proceedings. The landlord could also potentially claim damages if the tenant’s actions prevent the landlord from selling the home in a timely manner.

When landlords and tenants understand the rules and co-operate when a home is being sold, everyone wins. This is why it is important for a landlord and tenant to work out a plan that accommodates everyone.

Reference: Toronto Star Articles By Mark Weisleder, Real Estate Lawyer