A rental property is being listed for sale, what should the landlord know about selling a tenanted property?

Before a landlord lists a rental property for sale, the landlord should understand the tenant’s rights and the landlord’s obligations and responsibilities respecting privacy, security of tenure and circumstances under which a tenancy agreement may be terminated. The Residential Tenancies Act is the law that governs most residential tenancy agreements in Ontario. It addresses several issues related to tenancies and the sale of a rental property, including: entering the rental unit for the purpose of showing to a prospective purchaser; gaining access to the rental unit for the purpose of appraisal, insurance, etc.; termination of a tenancy agreement for the occupation of the purchaser; and penalties for bad faith terminations where the purchaser did not require possession.

For more information, review our RTA fact sheet entitled Selling a Rental Property at https://landlordselfhelp.com/rta-fact-sheets/.

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