Filipe Matos
How to flip a Building in Ontario, Canada
25 February 2015 | 13 replies
Notice, demolition, conversion or repairs50. (1) A landlord may give notice of termination of a tenancy if the landlord requires possession of the rental unit in order to, (a) demolish it;(b) convert it to use for a purpose other than residential premises; or(c) do repairs or renovations to it that are so extensive that they require a building permit and vacant possession of the rental unit.2006, c. 17, s. 50 (1).Same(2) The date for termination specified in the notice shall be at least 120 days after the notice is given and shall be the day a period of the tenancy ends or, where the tenancy is for a fixed term, the end of the term. 2006, c. 17, s. 50 (2).Same(3) A notice under clause (1) (c) shall inform the tenant that if he or she wishes to exercise the right of first refusal under section 53 to occupy the premises after the repairs or renovations, he or she must give the landlord notice of that fact in accordance with subsection 53 (2) before vacating the rental unit. 2006, c. 17, s. 50 (3).According to the above, if you can make a case that the planned renovations are extensive enough (i.e. main water and sewer to the building, replacement of HVAC, rewiring, etc) some, or all, units cannot be occupied during the renovations, you should be able to request the building be delivered to you vacant and let the current owner go through the exercise of terminating the current leases.Note the two additions from 2006:1) You need to give 120 days notice ... another reason to make the current owner handle this.
Trudy Burris
One Week to Demo Day!
8 November 2014 | 1 reply
I have already been given a one month extension so this is it.
Account Closed
Rent Out My Own House
14 August 2010 | 1 reply
All of the grass and all of the extensive and beautiful flowering plants were dead.
Sharad M.
Would you rent to this family?
25 February 2011 | 42 replies
It's true that the "CON" might stand for "CONvict" in some instances.
Shaam S.
North of Chicago (Appreciation?) vs. South of Chicago (Cash Flow?)
5 February 2014 | 18 replies
I am willing to do minor rehab but nothing extensive.
Jackie Lange
The Artificial Housing Recovery
4 February 2014 | 29 replies
If the buyer needed more than 12 months to pay me off, I’d charge $5000 for an extension.
Daniel Foster
Potential Buy and Hold
9 February 2014 | 3 replies
For instance in my area if the mold affects an area less than 6 sq. ft., then you don't need a mold remediation company.
Sharad M.
Fun rehab project - Pictures - Viewer Discretion is Advised
3 March 2015 | 71 replies
My biggest concern was the extensive termite damage on the walls and ceiling.
Juan Garcia
Takes money to make money??? Yes or No!
27 February 2014 | 12 replies
Wholesaling, for instance is, IMHO, a job.
Luis Gutierrez
What should I do to start investing in real estate with no experience?
9 March 2014 | 6 replies
Some people are surprised that this means you "work for free", but what's really going on is you're getting a free education through experience.For instance, right now I've got a guy who is your age that is more or less our shadow.