Removing existing tenants from a new property

[Anthony Panepinto]

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 🍻