Tenanted Rental Property
If I purchase a tenanted rental property in Ontario and the tenant is on a month to month, my understanding is that the only way I can evict him or her is if I or a family member intend on moving in.
So if the tenant is on a month to month that's 10% or even 20% below market rate and I have no inclination of moving in, there is nothing I can reasonably do to increase the rate above the 1.8% or so annual guidelines?
I'm currently getting differing opinions from realtors. One says I'm stuck with the renter and the other days I can force them to move out since I'm a new owner of the unit.
I figure I should ask the experts on this forum