Terminating a lease to reside in property

[Terence]

Hi,

Does anyone know if you can terminate a tennant`s lease if you buy a house with renters, but you plan to live in it? I was unable to find anything in the Landlord Act.

Thanks,
Terence

 

[brentdavies]

Hi,

What Province do you live in?

In Alberta under the RTA Ministerial regulations, section 2.2b covers the notice to terminate in the event of sale. ( 3 clear months if the tenant has a month to month lease.) You should have the current owner serve notice, so you get vacant property. Go to Queens printer website and read for free.

 

[Ready4Rent]

Hello,

If your property is in Ontario read this

http://www.ltb.gov.on.ca/en/Law/116345.html

Hope it helps

John

 

[GregGillespie]

Hi Terence,

In BC, 2 months notice is required and the the landlord must pay the tenant an amount equal to one month`s rent.

If the landlord does not use the unit for the stated purpose for at least 6 months, the landlord must pay the tenant an additional amount equal to double the monthly rent!

http://www.rto.gov.bc.ca/content/rightsRes...ending.aspx#195

Best regards,

Greg

 

[Terence]

Thanks Everyone. I have contacted the Alberta Landlord office and if a year lease is signed, we will have to fullfill it. They did suggest we could offer the tenant an "incentive" to leave earlier.