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Buying a property with tenants in it

Author: 
Condos.ca Staff
Publication date:
September 1, 2020
Article Summary: 

The article discusses the things to consider when buying a property with tenants in it. The answer depends on the buyer's plan for the property, whether it is for personal use or investment purposes. If the buyer intends to make it their home, they need to ask where the current tenants are in their lease. If the buyer is purchasing the property as an investment, there are rules around rent increases, and the buyer must not misrepresent the property's intended use to the tenant. The article also highlights the challenge of evicting tenants during the COVID-19 pandemic and the benefits of inheriting good tenants. Overall, the article provides useful insights for anyone considering buying a property with tenants in it.



Keywords: 

buying property, tenants, lease, investment, rent increase, misrepresentation, eviction, COVID-19, good tenants.



Source Citation: 
Condos.ca Staff
Buying a property with tenants in it
September 1, 2020
https://condos.ca/blog/posts/buying-a-property-with-tenants-in-it
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