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Is It Possible For Landlord To Sell a Property During a Lease?

A landlord in Toronto could decide on selling a house with tenants in it while the lease is still in effect. However, they must follow certain rules and regulations set by the province to do so. For instance, the landlord must give the tenants a minimum of 2 months' notice if they want to sell the rental property in Canada and provide written notice if any changes to the sale would affect the tenant. If the tenant does not agree with the sale or the changes, they may be able to get out of their lease early.  This blog will explore the process when a landlord sells the rental property during a lease and what your rights as a tenant are. We'll also provide tips on what to do if you find yourself in this situation.  What is Tenanted Property? Tenanted property is a rental property where the tenant has exclusive rights to use and occupy the space for a specific period. The tenancy agreement outlines the tenancy terms, including the lease's length, the rent amount, and other conditions that apply to the tenant's use of the property.  In most cases, tenants can live in the property for the duration…

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