What are some potential drawbacks or pitfalls to look out for when considering an N12 notice for my own use?

If you are planning to move into the rental unit, please remember that you are likely going to receive a lot of resistance from the tenant, and questions about your intentions to displace the tenants so that you can occupy the space.

You must also be aware of the recent changes as a result of Bill 124, the Rental Fairness Act, 2017, which can be found at https://landlordselfhelp.com/bill-124-rental-fairness-act-2017/

For example the new rules require a landlord to offer compensation of one month’s rent prior to the termination date, or to offer a replacement unit that is acceptable to the tenant. This came into effect as of September 1, 2017.

The termination date you give on the N12 must be at the end of the lease term. An L2 application to the Landlord and Tenant Board may be filed any time after serving the N12. A sworn affidavit explaining your change in circumstances, and why you now require the unit, must accompany the L2 application.

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