Landlording Advice - Selling Tenanted Suite
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Landlording Problems - Selling Tenanted Suite

Q: My husband and I have been renting a home for 3 years now. In January our landlord notified us that he might be selling the property that we are currently renting, but he was not sure at that time. He now tells us that he has sold the property and that the he is going to settlement on April, 28 2005 and that the buyers want to move in then. Our lease is not up until midnight June 30,2005 although we are looking for another place at this time what are our rights in this matter? Do we have until the 30th of June still?

A: The Residential Tenancy Act of BC contains provisions that affect the ending of a tenancy when the landlord wants the rental premises for his own use. When a property is being sold and the purchaser wants the premises for his own use the Act requires that two months notice be given by the landlord (section 49) and the landlord must pay the tenant the equivalent of one month's rent as compensation.