Question 12

What Happens if the Property I am in is Listed for Sale?

If the rental property you are in is listed for sale, the listing agent should be in contact with you to update you on the process. They should also inform you when they plan to show prospective buyers around.

Even if you are in a lease agreement, the landlord is entitled to put the property up for sale. If the property is sold, however, your lease agreement will still stand.

If you are on a month-to-month agreement or your lease is close to expiry, the agent can serve you with a 60-day notice to vacate.

Rest assured, however, that we will do our best to work closely with you to ensure this process is as stress-free as possible.

Under the new Residential Tenancy Act changes (as of March 2021) further rules apply.  More information can be found by following this link . Please also feel free to contact your Property Manager for additional information and help.