Quote:
Originally Posted by ntan
I'm not sure if I fully understand the new legislation with respect to fixed-term tenancies.
It sounds like I can only vacate them if I decide to use the property for myself (in good faith), or if the tenancy is a sublease contract.
If I do wish to vacate them at the end of the fixed-term contract for the aforementioned reasons, I must give them notice one (or is it two) months prior? Do I still have to give them one month's rent then?
Per my understanding, the limitation of rental increase is not on the unit, but with the tenant (for the given unit), therefore, if the tenant decides to leave, I'm still free to adjust the cost of rent to whatever I choose for a new tenant.
Is this in-line with everyone else's understanding?
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From my understand is that unless you intend to use the place for yourself or your relatives you can not vacate them. Or if they decided to leave.
Otherwise after the fixed term it will go into month to month forever and ever.