This is false. Evictions for sale under section 49 are not subject to compensation.Firebot wrote: ↑Sep 8th, 2017 11:41 amAs you are already renting, if the landlord sells the house, you are still on the lease and it is transferred. If the new buyer decided to move in, they must provide you with a month of rent. You can also stay perpetually at the current lease as the subsidised rate. A late payment does not cause you to be evicted, Heck you can choose not pay for 6 months and drag the process along.
You have a good thing going and you are protected with more power than your landlord as long as you stick to where you are, milk it for as long as you can. Take the opportunity to save as much as you can and plan ahead.
My initial comment is in jest and I know full well how backwards the measures are and their impacts to rent, but as long as you are a current tenant and stay where you are, you have little to worry about.
Even if it was what good is 1 month rent when you need to pay a much higher market rent from then on. If it's up 30% you'd lose the compensation in 3.3 months.
http://www.sjto.gov.on.ca/documents/ltb ... 20Use.html
For notices under section 48 given to a tenant on or after September 1, 2017, the landlord must compensate the tenant in an amount equal to one month's rent or offer another rental unit acceptable to the tenant.
Agreement of purchase and sale
Before a landlord may give a notice under section 49, there must be an agreement of purchase and sale for the residential complex or condominium unit.