The problem a landlord may face in having a long term lease is terminating the tenancy. There are certain grounds to terminate a tenancy that are only possible at the end of the term or lease period. These grounds are the following: terminating based on landlord’s or purchaser’s own use, persistent late payment of rent or major renovations to be done on the unit. In any of these situations the tenancy cannot be terminated early, the tenants are protected by the lease. Of course if they stop paying rent altogether or they are causing damages or disturbances the lease can be terminated early for those reasons.

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