If you plan on selling the property you would just inform the tenant that you are going to sell the rental property. There is not a notice that you can serve the tenant to vacate for this reason until the property is actually sold. Once you have signed an Agreement of Purchase and Sale and the buyer plans to move in to the property, provided the property contains three or fewer residential units, you could then serve notice to the tenant to leave for the purchaser to move in. In this case a Form N12 has to be given to the tenants and it would be a 60 days’ notice.

As of July 21, 2020 the landlord is required to give the tenant one month’s rent as compensation, or offer the tenant another acceptable unit if pursuing the N12 notice on behalf of the purchaser. The compensation must be given before the termination date on the notice.

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