Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

26
Posts
12
Votes

Removing existing tenants from a new property

Posted

Hey!

So I have been looking at 4 different rental properties, some duplexes, fourplexes, etc... and they all are being sold with existing tenants. Some of the properties have tenants paying on a month to month basis and their leases have expired. How can I remove the tenants in Ontario, if I were to acquire one of these properties? Some of them are paying rents from 5-8 years ago, so I would like to come in, add value and get new tenants at current market rates.

I was thinking of moving into the property while I rehab, would this allow me to remove the existing tenants, if I were to move into one of the units myself? What if there are several units, could I remove all tenants even if I were to move into only one of the units?

The only other option I can think of is to pay them to leave.

Any advice here is appreciated!

Cheers 🍻 

Most Popular Reply

User Stats

520
Posts
527
Votes
Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
527
Votes |
520
Posts
Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
Replied

@Anthony Panepinto... unless you want to dabble in the grey, you are stuck.  Here are the legal requirements to end a tenancy:

https://tribunalsontario.ca/do...

Loading replies...