Quote:
Originally Posted by Great68
Everyone here needs to back up here a second, where is everyone getting the idea that a new tenancy agreement must be signed?
From the RTB:
When a Tenanted Property Has Been Sold
Once a property is sold, the buyer becomes the new landlord and the tenancy continues under the same terms. The buyer and the tenants don’t need to sign a new tenancy agreement, but may do so if they both agree.
So your tenant doesn't have to sign a new agreement. If the old agreement didn't state a lease term, than he's month to month. Basically the only way you can get him out is for Cause, or if you intend to occupy the unit, or if you plan to do extensive repairs and renos.
The latter would be the best way to get him out because you said you want to expand the suite. Do some upgrades (Paint, new fixtures, flooring, appliances) and he can't dispute that.
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is there a way to get him to sign a new agreement? like you stated, our previous agreement didn't have a lease term.
when I called the RTO, they said painting, flooring and appliances don't count. but maybe I should look into knocking a wall down if we want to rent the whole basement out.
Quote:
Originally Posted by bcrdukes
We had some very good renters in the past but when we switched to homestay, holy fuck, it was a nightmare.
I know it's an apples to oranges comparison, but we were better off not renting it out at all. Some food for thought.
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as much as I wish to keep the whole unit to ourselves, we don't need the downstairs and the extra income helps with the mortgage.