CLARIFICATION IF PROPERTY IS SOLD, BUYER HAS TO EITHER ASSUME TENANT OR CERTIFY THAT THE BUYER WILL BE REQUIRING VACANT POSSESSION FOR PERSONAL OCCUPANCY OR FOR ONE OF THE REASONS DISCUSSED. THE BUYER CANNOT HAVE THE PROPERTY VACATED SIMPLY TO HAVE IT RENTED TO A NEW TENANT AT A HIGHER RATE. ANOTHER VIDEO WILL FOLLOW COVERING THIS TOPIC!
Ricky Rathore, BComm., LL.B(hons), ABR, SRS, FRI is a licensed Real Estate Lawyer* & Broker of Record** This video is provided for informational purposes only and should not be construed, implied, or relied on as legal advice. If you require legal advice, consult your lawyer or give us a call to discuss how to protect your legal interests.
*Rathore Baig Professional Corporation
** RE/MAX Empire Realty, Brokerage each office independently owned and operated