Do I have the right not to continue with the tenancy? How should I go about doing it, who can help me. Do I have to pay any compensation to the tenant?
Then it will be for the previous owner to settle with the existing tenant.
If you have already completed this part of the transaction - then you would have to go ahead with the tenant continuing with the tenancy until it expires next year.
You do not need to continue with this tenant or be obligated to extend the tenancy with that tenant. However the tenant will need to sign a new tenancy agreement with you at the completion of the sale transaction for the unit. This will be handled by the lawyer. Hence you do not need to be too concerned about.
Should you have any further queries, please consult your lawyer.
If you would like alternative legal advice, and don't know of any, I can recommend some to you. Of course at no obligations at all.
Hope this helps.
Email: email@example.com Read More
As you have bought the condo subject to tenancy, you have to continue with the lease or you may have to compensate the tenant Read More