RantsFromAfar said ""Then you read about these people who buy a house or apartment block and are stuck with the previous leases and unable to evict and perform upgrades on the building they just spent 1+ million dollars on if they want to because the tenant from the previous owner has rights over your building even though you never were a party to them signing the lease. "
Well that's a bunch of BS. Of course you're a party to them signing the lease. When you buy a property you're automatically a party to all existing contracts tied to said property.
You make it sound like a landlord has no idea what's going on when they buy the property.
If someone does not want the responsibilities that come with being a landlord, then don't become a landlord. "
Having never rented out or purchased a property that was currently being rented I can't speak from experience.
What I can understand is someone wanting to purchase a rental property but not fully understanding the nuances of what each rental lease might entail, especially if they came from a different country that has different rules in place.
I think that when a rental property changes hands the existing leases/rental agreements should have to be renegotiated.
Who knows what kind of back ground checks or due diligence was done by the previous landlord unbeknownst to the buyer, then for a new buyer to be saddled with the previous ones poor decisions seems unfair.
Just the other day I was reading about a tenancy judgement made against a landlord in BC who served a legal notice to evict in 2021 with the intent to renovate and move him and his son in.
But because the new carpet install took 3 months, this was during peak covid mind you which we all know was a crazy time to get products or services, the prior tenants sued and a judge awarded them $36,000.
I'm amazed anyone wants to deal with hassles like that lol
Edited by hutchster, 2025-06-11 23:22:42