Tenant's right to compensation, repair or renovation54. (1) A landlord shall compensate a tenant who receives notice of termination of a tenancy under section 50 for the purpose of repairs or renovations in an amount equal to three months rent or shall offer the tenant another rental unit acceptable to the tenant if, (a) the tenant does not give the landlord notice under subsection 53 (2) with respect to the rental unit;(b) the residential complex in which the rental unit is located contains at least five residential units; and(c) the repair or renovation was not ordered to be carried out under the authority of this or any other Act.2006, c. 17, s. 54 (1).Same(2) A landlord shall compensate a tenant who receives notice of termination of a tenancy under section 50 for the purpose of repairs or renovations in an amount equal to the rent for the lesser of three months and the period the unit is under repair or renovation if, (a) the tenant gives the landlord notice under subsection 53 (2) with respect to the rental unit;(b) the residential complex in which the rental unit is located contains at least five residential units; and(c) the repair or renovation was not ordered to be carried out under the authority of this or any other Act.2006, c. 17, s. 54 (2).If a tenant exercises the right of first refusal, it looks like you will be limited in how much of an increase in rent you can ask.Section 54 reads that you need to pay the tenant up to 3-months rent as compensation or offer them an alternate place to reside during the renovations.In NB we have neither of those requirements, we need just serve 3-months notice of termination to have the unit vacant and then commence renovations within 60-days.  

When I lived in NYC I could pretty much get what I needed within the building complex or within walking distance.

This is why, the apartment complexes lower their rents and offer all kind of incentives during this time because they  know that one month of empty apartment at  $1,625/month is equivalent to renting for 12 months at $1490.

Madison Park North, a housing complex with about 280 unites, is going to be razed.

PREVENTATIVE MEASURESWhen you own a Class C or lower apartment complex, you need to check out the occupied units every two months or so.

We offer valet trash removal services for apartment complexes.

I've got small apartment complexes, duplexes and single family homes.

It is a 2 bed 2 bath design that was inspired by my admiration with an apartment complex designed by a Frank Lloyd Wright student -apprentice.

A fund for flipping would have been more complex and expensive.

I'm no expert, but I have bought a foreclosed apartment complex from a bank.