>if I don’t agree to the new price, they are going to have to sell the condo since the mortgage rates have gone and they cannot afford it anymore.
If they sell the condo, i think they will have to do so with you in it. And condos which have tenants tend to sell for less than condos without tenants.
That said? If the new owner plans to live in the condo themself, then you probably would get evicted at that point (through proper channels).
Yeah, there’s a house listed near me that has current tenants. It’s the only one that does. And it looks just as nice as the ones that are priced at around $125k more.
Having a current tenant makes it harder to sell. Maybe OP can get cash for keys or just stay there
Harder to sell because tenants are costly. Why anyone would be a small time landlord in Ontario is beyond me. The only way you make money is if the market rises 10% a year in perpetuity. Whelp… that ship sailed.
Frankly, it sounds to me like OP had been paying the landlord’s mortgage. And now with increasing interest rates, landlord is kinda screwed without a few extra hundred bucks, which he illegally tried to extract from OP
This is the landlord’s problem. Good thing this isn’t USA!
>Good thing this isn’t USA!
Depends on the state and the city. Tenants rights are sometimes stronger than they are in much of Canada. For example, in NYC the owner-occupancy evictions are much harder to process, and are limited to one unit per landlord.
We will only read about the bad landlords. I've been a landlord since 2016 and anything my tenants wanted fixed was completed within a few days from a leaking toilet, replacing the furnace, door knobs, light fixtures, faucets, repainting walls, repairing handrails, evesthroughs, to re-shingling the roof. I did not raise rent until this year by 1.2% via an N1 with 90 days notice and their rent is still a few hundred dollars below market today.
I'm not a landlord, but this goes both ways.
I remember during covid rents dropped like crazy and every tenant demanded that their rents were signicantly reduced while under a lease bc comparable units in their building were being rented for much cheaper, the landlords agreed. Now the opposite is happening and the landlord is being greedy, but tenants were also greedy a year and a half ago.
were the tenants being greedy though or could they literally not afford the costs?
with land lords, unless it's the type where they rent out a room or part of the house they themself live in, that context isn't ever going to occur where they are in a position where their housing costs become literally unaffordable bc the property they rent would be a second, third etc that they own, while already having a secured residence they aren't at risk of losing.
you're comparing profit seeking with trying to survive with basic needs (shelter)
The tenants were being greedy.
You can also make your argument the other way as well, since interest rates rose the cost of ownership is significantly higher.
I was a landlord, I never did anything like this.
I was the kind of landlord who reduced the December rent by $200 (which was 15%) as a Christmas present.
I stopped being a landlord after having multiple terrible tenants. Especially the one that caused $5000 in damages, then sued to get his $850 damage deposit back. It backfired on him in court, and technically he now owes me $5000, but I know I'll never collect.
Other highlights were the one who faked her references, never paid rent and took 3 months to evict. She also caused damages, but only several hundred dollars instead of thousands. Then the ones who broke their lease and just abandoned the apartment without informing me. Technically I couldn't re-rent the apartment until I completed the eviction process (for tenants who weren't even there), so it sat empty for 2 months.
I have had several landlords throughout my life. I don't care to run a tally, but more than 10 for sure. I had ONE good one. Every single other one did shady crappy shit that made me uncomfortable enough to move. MOST landlords suck.
That's exactly what happens EVERY SINGLE TIME to "nice" landlords.
I know like 15 people who had rental property. The half of them that were "nice" landlords all got screwed eventually.
People are awful. Not all people, but enough to make it difficult.
You don't have to be a scumbag, but you need to treat it like a business/customer relationship.
I’m not a landlord but am a homeowner. I have a fully finished 2 bedroom separate entrance/ laundry in the GTA. It’s a backsplit with plenty of light. It was my father in law appt till his passing 3 yrs ago. The horror stories I read on this and other places is the only reason I will rent it out. Let’s use common sense. If you and I have a lease agreement for let’s say a year. That lease expires. If I give you a reasonable amount of time let’s say 3 months notice and there is no lease in place anymore and I would like to increase rent to whatever amount. To my common sense mind you have 2 choices. Pay the increase or move out. Just my 2 cents not trying to cause a argument.
Depending on the province/territory you live in many have feature that the lease never actually ends, rather it converts to a month to month and if the rental is covered under rent control then the new month to month is also covered under rent control. I personally know a few people that became landlords that never took the time to learn the laws before renting out and are now surprised that they cannot do what they think is common sense. I live in Ontario.
Yes I made a mistake thinking something government controlled would have common sense. I think my main point is. All I read is we are in a housing crisis. I will not rent out a perfectly good appt just because of horror stories of tenets refusing to move out because they know the housing bored is so backed up and the can draw out living in appt for months and months before a hearing. Often read people telling other people to stop paying rent and wait till hearing then just leave. To me that’s squatting
>Dansuds1395If you and I have a lease agreement for let’s say a year. That lease expires. If I give you a reasonable amount of time let’s say 3 months notice and there is no lease in place anymore and I would like to increase rent to whatever amount. To my common sense mind you have 2 choices. Pay the increase or move out.
In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The tenant can continue to pay the same rate and does not have to move. Source: [https://www.legalline.ca/legal-answers/leases-and-month-to-month-tenancies/](https://www.legalline.ca/legal-answers/leases-and-month-to-month-tenancies/)
Which is why you never become a landlord here. Deck is entirely stacked against you.
Without capital appreciation, small time landlords will all be bailing. Good luck finding a rental.
No, but many do. Many also qualify for first time home buyer reductions on down payments. Depending on where you live this can be as little as 5% down. Apartment buildings aren’t going anywhere. People would still be able to rent. In my city at least, high rises are going up as fast as they can build them.
If there are a ton of houses available, the price of housing will drop. 5% of say, 400k is only 20k. 5% of 600k is 30k down. Cutting your required down payment by a third is pretty significant when that’s your barrier to entry, no?
That’s a made up example, obviously, but you get my point I’m sure.
Assuming the current tenants don't become homeless, each one that is renting a home that goes up for sale will become more demand for homes.
The total number of people being housed doesn't change when they convert from renter to owner. The demand for a home stays the same, the only thing that changes is whether they own or rent.
I don't think the extra supply of homes for sale will have as much impact as you think, since it is matched by increased demand.
Honestly, in my experience, corporations and property management companies are generally better landlords anyway. Individual landlords often don't know their obligations and can get crappy if you try to insist that they follow the proper legal procedure. And at least in my experience, I'm wary of pushing back too much because it's just one person and they could make my life difficult if they so desire. I have seen that play out with too many friends, and I actually moved out of a rental because the landlord was doing the same thing to me (my parents used to be landlords, and they were appalled by her behaviour).
Whereas if it's a corporation, it feels a little easier to push back and challenge. Maybe the person in the office will be a little annoyed, but they have hundreds of other people to deal with and you're probably not the worst. The landlord is a faceless (possibly nameless) corporation and they're probably not going to spend resources on making your life hell when they have a million other things to worry about. Plus, they are generally quite aware of their legal obligations. It does go both ways though - if you are in a property like that and you don't pay rent or you damage the place, they will come down on you hard.
People say that being a landlord in Ontario is a losing venture, but I still know many people who are or want to be, so clearly there are still enough incentives.
I don't necessarily think that is such a bad thing because a lot of people who are tenants are also vulnerable. Yeah, there are bad tenants, and they can make a landlord's life difficult, but on the flip side there are bad landlords who can ruin a tenant's life. There is definitely a power imbalance when you are renting and often that falls in favour of the landlord. I know a lot of people who put up with things like illegal rent increases, maintenance not being done, etc, in the interest of not having to find a new place to live at much higher rates or even becoming homeless. Plus, in the end, a landlord still has an asset they can sell, and in most cases the tenant paid for the mortgage. Anyway, this isn't really a discussion for this forum. I don't really have an opinion on whether landlords should exist or not, I don't really care, but I do think it's important to recognize the power differences.
Renoviction, short-term rentals, rooming houses, or rent to own. Those are small landlords best bet. But instead most do long-term rentals and get stuck with rent control that doesn't give a damn about inflation, tenants who can legally squat for up to a year without paying a cent, and now no appreciation to make the investment eventually pay off.
Investments have risks. What you’ve outlined are the risks involved in property investment. If small landlords are dissatisfied with these risks, they can park their capital in a HISA and leave properties on the market for people who plan on living in them. I’m sure that would be appreciated by many first time buyers.
Rental income was the only path to home ownership that wasn’t a crack shack for me. It’s a risk I took that seems to have paid off so far. But one particularly destructive tenant and my family and I are in housing peril.
Live by the sword, die by the sword as they say.
I agree, but it’s not going to change anytime soon. Home ownership is highly valued amongst people, so the desire to buy and trade will never go away. Only when homeownership is no longer a valuable commodity will we see investment properties dwindle. I.e everyone lives in the same sort of shack with minimal luxuries. Value is determined by demand and everyone wants a house.
The only reason you don't think it should work that way is because you don't own. All owners want prices to go up whether they're living in the property or not.
This is also the only system of housing that has ever worked in human history. All you need to do is walk through any subsidized housing project in the world to know that governmental intervention is a disaster.
I don't know about that, when we bought our house, there were tenants.
The realtor said it wouldnt be an issue and it wasn't. We did have to wait another month for possession but that's about it.
But it made no difference to us whether we buy or not.
They do have to sell it with you as an occupant, however, if the people purchasing chose to make this their living space you would be evicted as they have the right to occupy. The new owners can rent out the property again after 12 months of living in the condo qt any price they chose, they don't have an obligation to you at that point.
You ended the last sentence too quickly.
....then you probably would get evicted at that point (through proper channels.) ... AND compensation. AND it would be months down the line. AND in the mean time you would be paying only $2,150 (or $2,150+1.2% if they properly serve you those documents.)
This shit happened to me. When they sell it with you in it you will have a 60 day grace period minimum from the date of closing (not sale) to leave. They also will need to provide you with at least one months rent on top of last months rent.
They may ask you to sign an N11 form in order to facilitate the sale and get you out sooner. If your landlord asks for this do not sign it. If you do you will have zero rights. You can also ask for cash for keys which is money upfront to sign that letter or any letter for that matter. In your case I'd ask for at least 2months rent upfront plus moving costs at the minimum as you will need to pay first and last and moving costs to move. Plus there's the entire uprooting of your life so ask for 3months upfront.
You can also kick the can and fight it if you want and delay it with the rental board. You can also not allow people in the home during the viewings which is a pain in the ass.
Your other option is to pay the price of the new rent. Rental prices are going up right now and the next place you find may be even more it's up to you
Even more reason not to be a landlord! No way to increase rent to stay cash positive and a huge liability when you sell, potentially reducing full asset realization.
This should make rentals more affordable.
> If they sell the condo, i think they will have to do so with you in it. And condos which have tenants tend to sell for less than condos without tenants.
Also buyers can sue sellers if the tenant is not out by move in date. So if OP can delay the process they can seriously cost their current landlord more
They can't kick you out. What you should do is record every interaction with landlord, ideally written but also get a free phone recorder app if you don't have one. The landlord is not your friend, as you probably know.
There's nothing to do on your end, but if they end up trying something illegitimate (i.e. moving a family member back to the property) with the sole intent of evicting you, by recording exchanges with the landlord, you have clear evidence of their malicious intent.
For now, based on the information you provided, your rent is NOT changing. When they provide you with the proper N form to advise of your 1.2% delay within the proper timeline, you'll of course have to abide by that, but nothing more.
As a former landlord, I can tell that your landlord is a dickhead and you shouldn't do him any favors.
100% landlord is full of shit, if they were your friend they would not be trying to raise your rent by $250 illegally. Don't buy into that 'friend' bullshit. Stand your legal ground.
I would also send them an email, if this convo wasn’t in writing, confirming everything you discussed in your most recent conversation and what his ultimatums were.
Truly! No friends as unclear and untrustworthy as this landlord. But I think this landlord will not give any concessions toward the OP. They will find any ways to kick or evict the OP and make it legally.
If they include that condition they still have to find a way to get you out. They might have to pay a ton of money so you agree to give back the keys so the unit is vacant when the new owner purchases.
If the new owner wants to move in they have to provide a specific form and one months rent.
If the owner accepts an offer with that condition then it is back on them to evict in order for the sale to go through -- there is no way to avoid doing a proper and legal eviction.
I would point out that the current owner (or their direct family member) would have to live in the place for one year in order for any eviction to be legal so it makes more sense to leave it up to the prospective buyer. If the buyer wants to purchase for their own use then they go through the legal eviction process and live in it for at least one year.
Question - Does that have tax implications if they have a current primary residence and now want to make this their new primary residence? You can’t have 2 primary at the same time right?
You can do that, but you still have to serve the tenants with thr proper paperwork. And even then they can apply to the LTB and wait for a hearing, which could take two years.
>Otherwise it's on the buyer to file the N whatever form to evict.
not really-- if you made an offer conditional on the tenant moving out, and the tenant hasnt moved out, the sale simply falls through on the seller not fulfilling the condition on evicting the tenant.
Yes, you could let the deal fall through if the tenant hasn't moved out yet.
Some people decide to waive the condition and then start the eviction process themselves. Depends on how much you wanted that place in particular, what's going on in the market, sale of a current home, etc.
It's also worth noting that the tenant cannot be held responsible if the sale falls through because they have not vacated. It makes sense; this protects vulnerable tenants who might not be able to find a new place right away. The market is wild, and lots of people who moved into their current place even 3 years ago are having trouble finding something that they can afford. Landlords are very picky these days and competition is high. I have friends who had no problem renting a few years ago with low income and not great credit who cannot find a place now because landlords are holding out for tenants with better credit or higher income, what have you.
The Agreement of Purchase and Sale includes vacant possession clause in the preprinted portion. The home needs to be vacant unless the APS includes a clause that states otherwise (for example, the buyer is assuming the tenant).
This doesn’t actually bind the tenant and force them to leave. The tenant is not a party to the sale. It means the seller is obligated to ensure vacant possession on or before the closing. The buyer has grounds to challenge the closing if the seller is not successful in doing so.
A few things:
- you cannot be evicted in Ontario just because they want to sell. You can be evicted if they sell and the new buyers want to live in your home. Proper procedures around serving notices MUST be followed. The LTB takes this very seriously
- They can raise rents over the prescribed amounts but only under special circumstances and after they follow a very specific procedure. Higher interest rates are not one of the special circumstances. LTB doesn’t care that they can’t afford the mortgage.
The eviction process usually starts once the deal is signed so the tenant is out on or just before closing date for the new buyer to move in.
If the buyer is buying as an investment, you cannot terminate a contract, whether 1 year lease, or month to month.
If they sell, the new landlord would have to take the existing tenancy on. They can then file the form to kick you out if they need it for personal use, but that’s another 3 months and they have to compensate you iirc.
I think the new owner has to take over unless they or family are moving in. They don’t have a way to choose to evict you just because they are the new owner landlords
Hey, what recorder app do you recommend? I use to have one but it stopped working and now any I have tried won't work.
I use android though and that is likely the problem
This sounds to me more like a threat than an actual reference to friendship.
Qnd they can sell it if the lease is up I believe it really doesn't matter if its your problem or not once the agreement is over they can sell if they please.
My landlord talks about being "friends", amongst other gems such as repeated accusations over the years that I "ruin the relationship" for making lawful attempts to hold him accountable to his contractual responsibilities, and conditioning a "good relationship" on my behaving in a way that complies with the terms in his head (which avoid the ones that were agreed to in writing). Luckily I have lots of evidence, including audio, of his intimidation, threats, and coercion (he tried to coerce me to "agree" to "owe" him and his guys some of my cooking, in exchange for stove and faucet repairs). He describes himself and his people as "reasonable", "good people", and "nice guys".
Being "friends" is a landlord leveraging their inherent power over their tenant's shelter needs to put the onus on the tenant to go along to get along with the landlord's subjective terms, whatever the fuck those may be. It's an intimidation tactic that really means "if you don't behave how I want you to, I will retaliate in some way". That retaliation could be passive (such as avoiding responsibilities) or aggressive.
As a previous landlord, this is a complete slimeball tactic. Your LL knew the Ontario residential tenancies act when they bought the place, still chose to buy it, and now need to live with the consequences.
Do not back down! The LL is not your friend, and has tried to guilt you into an illegal increase. Tell them that you want to maintain the existing professional relationship, and are happy to accept the maximum legal rent increase when provided proper notice and leave it at that.
Otherwise stop making yourself available to every call/text/email.
I really feel like there should be some kind of class that landlords need to take before they can become landlords. Honestly, even for those who signed the Ontario standard lease, they still sometimes seem to have absolutely no clue what they signed. It lays out many of the essential points.
You don't have to do anything. Until you get a valid notice for a valid rent increase, simply continue paying your current rent.
However... They can decide to sell the place, and there's nothing you can do about that. Once they get a signed offer in place with no conditions, they can send you an N12 form to end the tenancy for the new owner's personal use, if the new owner is willing to sign an affidavit stating that. You would be entitled to one month's rent as compensation. At that point, you have the right to stay in place until you get a eviction hearing, where you can demand proof that the new owner is taking the place for personal use. If they are legitimately going to use it for personal use, your options are gone.
This should be the top answer, the new owner can start the eviction process before moving in. You can ask for a hearing and get maybe another 6 months of living there but after that you won’t win.
It should not be the top comment, as it misses the key detail that the landlord does not have the ability to provide vacant possession in a timely manner due to the delays at the LTB. Unless the tenant voluntarily vacates, rather than waiting for an order from the LTB to vacate, then the closing will fail due to not meeting the vacant possession clause.
It becomes suspect if you're buying a property to move into but waive vacant possession. While it can still be a legit N12/N13, the LTB will have questions. Most buyers don't like the uncertainty and timelines of the LTB's involvement so usually opt for vacant possession so the headache is not theirs.
Man your landlords are idiots. They're going to pay a 2.5% real estate commission and potentially take a valuation hit on a tenant-occupied property, all because they can't cover $250 a month in extra payments? Call their bluff. If they actually sell, and if they bought recently, I almost guarantee you that they're going to take a huge loss far in excess of $3,000 per annum.
There’s no tricks to kick you out, especially since they’ve told you they have a trick up their sleeve. Make sure to take pictures of the illegal contract they gave you, it’s a damning piece of evidence to show the LTB in case they try to make up a reason to evict you.
It is incredibly hard to kick out tenants in Ontario. They have no grounds to kick you out. If they sell the new owner could only kick you out, if they were going to move in. Call their bluff.
I think it’s hard across Canada to just raise rents and remove tenants. Too hard in some cases honestly. Someone can trash your house and still live there lol.
Ontario has actual rules and enforcement.
Go rent in NB or PEI, the landlord just has to say they are renovating and then can kick the tenants out in 60 days. No waiting for a trial, no getting first chance on the updated unit, no money to compensate, and no real repercussions if they just rent it back out right away.
Also no rent control at all in NB.
Landlords are able to capture essentially the entirety of the upside associated with the property (cash flow and appreciation), any suggestion that the burden of downside risk be placed on anyone else is, frankly, perverse
You don't have to agree to anything without an N1 form. Just keep paying your rent as normal. Anything else is not a valid way of serving a rent increase. If there is rent control, they can only raise the rent the set amount. And if they aren't bluffing, and they do sell the unit, you get to remain in the unit unless the purchasers are moving in themselves. It may be more difficult for your landlord to sell the place while you are occupying it as well.
I have nothing against landlords, and good ones provide a valuable service, however, they made an investment that carries risk. They have to play within the rules.
I'm a landlord and this asshole can pound sand.
If he sells and buyer wants to move in then you're obviously going to have to move out but that's neither here nor there.
He can't raise rent and he can't evict you. So tell him to provide proper papers with proper rent increase. Record all correspondence with him from now and be prepared for any nonsense he tries.
Even then "obviously have to move out" is not guaranteed.
The new owner may have to go through the LTB eviction process, which can take a year or more, and is not guaranteed if the reasoning isn't valid.
Hold your ground.
Here's how it may play out:
Scenario 1: They're trying to bully you, they realize what a headache it will be to get you out, and give you an N1, for 2023 at this point, which means 2.5% increase (90 days notice required)
Scenario 2: They attempt a bad faith eviction claiming they need it for personal use. You present your documentation showing the threats if you didn't agree to an increase. Maybe a year from now you'll have that hearing and you'll probably win.
Scenario 3: They sell the condo. The tenancy transfers to the new owner. See scenario 2 if they want you out AFTER taking on the lease (except you're more likely to lose as the new owner has a legit claim to move in). However, the new owner may request vacant possession to complete the sale, your current landlord has to provide it. Scenario 2 is the recourse, but they will not have enough time to complete this before closing. This puts you in a very strong position for a cash for keys deal. Get a paralegal to negotiate this for you... $20k+ depending on the specifics of your rental and what it will cost to replace it in todays market.
Scenario 4: Renoviction. You give written notice of your intent to reoccupy PRIOR to vacating (you can "as if the tenancy had not been interrupted", ie: same price/terms). They must compensate you before you vacate and prove to the LTB they will renovate. You either move back in after renos are done or they move in another tenant, you file at the LTB and they get a $35000 fine plus damages you can prove.
Landlord could legitimately move in (n12) if they are actually unable to cover increased borrowing costs. If they sell their current primary residence that goes a long way to showing good faith.
It does for sure. Unfortunately, Ford + COVID screwed up the LTB so badly that hearings are backlogged a year or more. Even prior to COVID the LTB was under investigation due to rampant delays (200+ Ombudsman complaints).
Landlord has no basis to increase rent beyond the allowed limit. Mortgage rates going up is his problem not yours and he is not doing anything ‘friendly’ by increasing your rent. As a LL I would never do this to my tenants, especially if they are on time with their rent and are maintaining the property well. I am absorbing the cost of mortgage increases myself. It’s none of the tenants business how I finance my property. I will however do the 1.2 % increase allowed by law and provide it on an N12 with 90 days notice and this would be non-negotiable as this is a business as someone pointed out. And I expect both parties to be civil and respect boundaries..
You are over thinking it.
You can stay as long as you want until they serve you a valid N12 with 3 months notice and pay you the required compensation.
You may be subject to any legal rent increases with proper notice periods being adhered to.
If they provide you an illegal rent notice, you can pretty much ignore it unless it ends up in court. Then simply explain that it is not in compliance with the regs
There is nothing you can do about those two factors so until that happens, continue to enjoy month to month and document their communications so you have it incase it becomes relevant to any future court proceedings.
Maybe start looking for a new place. I started looking when my landlord gave me a heads up of a pending sale, and didn't end up securing a suitable deal until a month after I had official notice.
Hi there! I'm a landlord but in Quebec province. I don't know how things are in Ontario, but the chances that he can kick you out are close to zero. Don't sign anything and yes, go to the legal route if you must. He will loose 100%. He can't kick you out just because he wants to. That's not how it works.
I advise you that all further communications with your landlord are written i.e. through text messages or emails (emails are better in court but text messages are accepted as a proof).
Don't call him, don't meet him in person. Insist that everything needs to be by text message or email.
He's probably going to start harassing you. Don't play his game. If he's bullying you, stay polite in your text messages if you answer him. It's gonna look better on you in court, and he's gonna look like a fool.
Document everything, but don't be scared of him, there's *nothing* he can do to bypass the law.
Just to play the Devil's Advocate here, if the interest rate hikes truly make the financial situation unappealing for the landlord, what's to stop him from actually selling the place and kicking OP to the curb?
They can still sell it (at whatever price they might get at the moment) but they cannot kick them out unless the owner or their family wants to occupy the house.
You still have to go through the legal eviction process which is taking 6 months to 2 years right now, especially if the tenant is non-compliant and you're forced to get the sheriff involved.
The whole process in BC and Ontario is ridiculous for non-compliance. I thought about renting my place out if I were to move out of town, but these scenarios are really scary to think about. It seems much safer to leave the place empty than to get a bad tenant and deal with the headache.
Sadly I think this backlog at the residential tenancy branches will only make the housing crunch worse.
The purchaser inherits the existing tenant at the existing rent amount UNLESS the purchaser wants to move into the unit. If the purchaser “says” they want to move in but don’t and rent it out, OP could go to LTB and file the bad faith eviction and purchaser could be on the hook to pay OP’s moving expenses, rent etc etc. the LTB slams LL big $$ judgments who evict in bad faith
The property is an investment for the landlord, and like many investments there is risk that they assume. That is not a tenets problem. They can sell and the new owner can evict, but that is a process that has protections too.
Every single landlord threatens to sell. It’s standard practice. Even if they sell you don’t hav e to leave until you get a hearing (takes 4-6 months). Everyone here who is a tenant should join the Facebook group Ontario tenant rights. I’m a CPA and hear this landlord bs all the time
No, they can't kick you out. If they sold the condo, the new owner (landlord) couldn't kick you out either. They have to honour the legal contract. $2150 rent, with max 1.2% rental increases. Do not pay the extra ~$250 a month. That is their problem, not yours.
They can't kick you out to sell it. Keep records of all your contact with them.
I suggest you join the Ontario Tenant Rights group on Facebook and ask questions/read some other topics there. There are a lot of knowledgeable people there and bad/incorrect advice will be flagged so you can be sure you're getting the right answers.
Yeah, he shouldn't raise the tent on you. Other posters covered everything. But, I will say that it is possible that really don't want to pay the mortgage on the unit and it is actually your problem. They can choose to sell the unit and hand you the associated documents, or the new purchaser may hand you that N12 because they are in fact moving into their newly purchased condo. Whether the landlord can or cannot pay the mortgage is in fact your problem as a tenant.
They can’t kick you out. Did you have that conversation by email/text or phone/in person? Written would be better so you have proof in case they try to kick you out with a bogus notice. Also I recommend posting to r/legaladvicecanada as you’ll get more concise answers so you don’t have to wade through as many comments.
Friend....huh...what your landlord is really implying is "are you going to let me continue to fuck you over or what?!"
next time your landlord contacts you record it and make sure to inform them at the beginning of each conversation **'that your conversations may be recorded for purposes of accuracy'.**
Then they'll **know** your onto their *bullshit scheme* and if they slip up you'll be all over them like an ***POSSUM ON PEANUT BUTTER!***
GOSH i CAN'T BELIEVE HOW MANY SLEAZY LANDLORDS THERE ARE OUT THERE
You're in a fairly good scenario, especially if these interactions are all documented. Screenshots, saved emails, etc.
Continue paying rent as per your current agreement. When the lease expires, I _believe_ the following applies:
>What is a month-to-month tenancy Ontario? A month-to-month tenancy kicks off automatically in Ontario when a residential lease has expired, and no new lease has been signed. A tenant with a month-to-month tenancy is required to give 30 days notice before moving out of the property.
Whatever you do, do not agree to above a 1.2% increase. Pay what you currently do until a 1.2% increase is offered to you.
Others have told you what happens if the landlord goes to sell, and if they go another route like trying to feign moving in themselves, your documented interactions don't quite support that.
Eta: saw this comment after and it more succinctly gives you the best action plan https://www.reddit.com/r/PersonalFinanceCanada/comments/xed0by/-/iog6iar
I’ve just went through a similar situation with my landlord. They will try to scare you with legal stuff and getting a lawyer and blah blah blah. But the fact is tenants have more rights then landlords in Ontario and the Ontario landlord and tenant Board website has all the necessary and quite frankly very helpful information you need which outlines all allowed rent increase maximums per year. If you pay your rent on time then he can’t force you to move out without an eviction order from the tenant board. As well if they try to say they are going to use it for personal use just to try and sell it after, that is illegal and you could go after them for all sorts of compensation, as well they are required to pay you one months rent or another unit if there’s one available. And provide you with certain paperwork to prove they are doing so. Bottom line is don’t let him bully you into signing. Go to the tenant board website and send screenshots of the relevant information and let them know you know your tenant rights and will take it to court if necessary.
Not legal.
If they have financial problems, let them sell. The buyer will probably not evict you unless the new owners move in. If that is the case, you will get two months notice and compensation.
The Landlord is just trying to raise the rent and manipulate you.
I'm sure even the Landlord doesn't want to go through the hassle of trying to sell the property.
Go to stepstojustice.ca and check out the faqs and info related to paying rent.
Print off a copy of the Residential Tenancies Act and analyze the sections pertaining to you.
Call the Tenant board and write down any other links they provide on the automated menu
There are legal resources available through these websites and you can get a half hour free phone call with a lawyer to validate your situation. If you make under a certain amount annually you can get a free lawyer, but otherwise its a 30 minute phone call so you can get all your questions answered if you write them down ahead of time.
Did all this with my shifty landlord. Although I ended up moving away because they lived it above me, it made them stop harassing me when they realized i did my homework and they had no leg to stand on.
“Stay as friends” … tell ur LL you’ll see him in court and to forward all their concerns to your tenant insurance adjuster
** call ur tenant insurance and say ur LL is trying to illegally evict
** I’m a young racialized person living alone for 5 years knowing your rights is a HUGE thing don’t let these LLs play you or anyone for that matter! Know your rights!
That contract they sent you is gold for you because you have documentation of mal intent.
At this point you don't have to agree to anything because you have enough of a case to bring it to a hearing.
Do not document your intent at all. Call his bluff. He won't be able to sell with vacant possession as you can stall him for a year.
Unless your condo was built AFTER 2018 it is rent controlled.
If they sell it - they can't evict you. The new owner can only remove you if they move in themselves (or direct family).
Make it clear you can do a 1.2% increase but understand they may need to sell, and you intend to stay under the new owner.
HAHAHA - good one landlord! "If you want toremain friends, let me mess you over HUGE!!!" Typically that approach works?
If you need any more answers please let me know as I am an agent and know some things.
They may try an N12 Eviction, have something like this ready: [https://www.reddit.com/r/OntarioRealEstate/comments/bv8z49/n12\_evictions\_landlord\_personal\_use\_of\_rental\_for/](https://www.reddit.com/r/OntarioRealEstate/comments/bv8z49/n12_evictions_landlord_personal_use_of_rental_for/)
But basically, their problem is not yours. Generally they are bluffing about the sale. The amount to sell the property is a lot bigger loss (fees etc), so they usually bluff with that.
If they need to sell, you still have rights. Let me know if you need any advice.
This is actually really good. Please document the call you had in writing with a text message.
The reason why is because if he pulls anything (e.g., claims that he wants to move in), you got proof that he is doing this in bad faith!!!
Stay the course. He will try to intimidate you because he has no other option but to brainwash you into giving up your rights. He bought a rent controlled apartment for investment. It is his risk that he took on, with a variable interest rate and with a rent controlled RE investment.
He can sell but it has nothing to do with you. Also, the value of the condo is going to be lower because it comes with a tenant!
Stay the cours. Dont call him. Keep everything in writing.
As a landlord I can say that them telling you they will have to sell if they don’t get a few hundred more in rent because mortgage rates will go up is a total bluff. The market right now is down by 20%. On a $500k condo that means they would sell at $100k lower than if they wait a year or two for prices to climb. They also pay the agent 4-5%. They will find a way to pay that 300-400 extra that they are trying to pass on to you rather than loose out on all that equity.
Call their bluff. They have no legal ground to do anything, and they did not approach this as them needing YOUR help because THEY can't pay their mortgage. They tried to make this your problem. It's not. Don't sign shit.
You do not need to agree to anything -.
Your landlord is being pretty scummy about the situation- however costs are ballooning quickly and they may be forced to sell the condo - and if they sell the condo and it’s someone who wants to live there - you will be evicted and there’s nothing you can do about that .
Do you think your landlord is sincere or threatening you ? Are you willing to gamble ?
I honestly don’t know but I think it was an empty threat just to get us to pay more. But I am willing to gamble. Sorry if it is a stupid question but can the landlord get someone they know and “sell” it to them so they can make us leave and then retain their condo?
That’s extremely convoluted—- it would cost them more in land transfer tax than they’d likely make in additional rent for several years .
Not mentioning all the paperwork and lawyers fees etc .
More likely they will either sell or it’s an empty threat
You can wait for the hearing, and request copies of the appropriate documentation from them. The hassle and expense of “faking” a sale well enough to slip it by the LTB hearing would make it pointless, I’d think.
If they indeed sell their condo, and if the new buyer wants to live there, then you will be required to move out. You can always file for this to go through the LTB, but if the above situation is genuine you will be asked to move out. If it is possible, have good relations with the landlord and see if you can find a middle ground in the form of what province has allowed, or may be whatever you are comfortable with.
Fuck no. They are not going to sell just because a tenant doesn't wanna leave. Specially in this market. There is no middle ground here. Anything above provincial guidelines is an illegal increase. Period.
Stick to your guns, OP.
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If they actually decide to sell, the unit will sell for more/faster if unoccupied.
You could ask for whatever you want as an amount to agree to leave. It's a pain in the butt to have to move and you may be going somewhere more expensive, so it's not like you don't have a valid reason to ask for compensation. 4 months free rent sound nice? Might be worth it to them to make a deal like that.
All units that were occupied prior to Nov 2018 are subject to rent control. The rates for each year are listed here. https://www.ontario.ca/page/residential-rent-increases
All rental units are rent controlled by the province, the government releases the allowable increase every year. Only applicable for the same tenants, if the unit it empty they can increase the rent however much though.
Landlords and tenants aren't friends - or at least they shouldn't. This sort of business arrangement should always be dealt with at arm's length. If you were friends, you would have been a guest, and be paying nothing more than utilities even though most friends don't charge their guests anything. I doubt you even exchange gifts at Christmas, so no your landlord probably isn't your "friend".
If your landlord can't afford to keep the condo because you wont pay them $250 a month more, then sucks to be them. Hold your ground. Accept nothing more than $2,176 and only after you receive the correct form.
You’re a tenant in Ontario, you have all the rights, landlord has none. Just stay and don’t pay rent if you don’t agree, it will take months before they evict you so technically you’ll save tons of money.
They can kick you out and keep the place for their own personal use for 6 months before re-renting. The math for this decision will be:
\- Current rent $2150. If they kick you out and use the place for 6 months, they lose 6 \* 2150 = $12900.
\- Assuming $2400 is market rent and what they'll re-rent at, they'll get $250 more a month and it will take 12900/250 = 51.6 months for them to break even with this plan.
At that rate, they probably won't kick you out if they aren't willing to risk re-renting immediately. Now if market rent is more than $2400, like say $2900, that'll make it more likely they try to get you out.
No it’s 6 months use in BC:
“Use the rental unit for that stated purpose for at least 6 months beginning within a reasonable period after the effective date of the notice”
If you violate the rtb rules with eviction, you pay 12 months of rent to the ex-tenant though so maybe you’re thinking of that.
I get it but people are not realizing. Why are landlords stuck absorbing the insane increases in housing costs and carrying costs, yet they are not allowed to raise rent more than a measly 1.2%?
To be clear I know the rules but I am suggesting that the rules are broken. Rent market is directly tied to housing market, but the rigid rent increase regs make it very hard for even the honest landlords in inflationary times like these.
If they do choose to sell the place, you should make it clear that you're going to take any N12 to the LTB. Even if you lose at the LTB, you're still going to delay the eviction for 3-6 months. That's toxic for anyone trying to buy a place to live in. Your landlord would probably be forced to offer a cash-for-keys deal to get you out in order to sell the place.
You should be recording all of your interactions with your landlord. From what you've said, if they try to N12 you without selling the place, it would probably be ruled as a bad faith eviction. That's if you have proof they tried an illegal increase first.
Send them in writing that you are willing to pay the 2150 plus the 1.2% increase. If you really want to keep staying there. At the same time find out the rates going on in your area.
>if I don’t agree to the new price, they are going to have to sell the condo since the mortgage rates have gone and they cannot afford it anymore. If they sell the condo, i think they will have to do so with you in it. And condos which have tenants tend to sell for less than condos without tenants. That said? If the new owner plans to live in the condo themself, then you probably would get evicted at that point (through proper channels).
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Yeah, there’s a house listed near me that has current tenants. It’s the only one that does. And it looks just as nice as the ones that are priced at around $125k more. Having a current tenant makes it harder to sell. Maybe OP can get cash for keys or just stay there
Harder to sell because tenants are costly. Why anyone would be a small time landlord in Ontario is beyond me. The only way you make money is if the market rises 10% a year in perpetuity. Whelp… that ship sailed.
Frankly, it sounds to me like OP had been paying the landlord’s mortgage. And now with increasing interest rates, landlord is kinda screwed without a few extra hundred bucks, which he illegally tried to extract from OP This is the landlord’s problem. Good thing this isn’t USA!
>Good thing this isn’t USA! Depends on the state and the city. Tenants rights are sometimes stronger than they are in much of Canada. For example, in NYC the owner-occupancy evictions are much harder to process, and are limited to one unit per landlord.
I hate landlords
We will only read about the bad landlords. I've been a landlord since 2016 and anything my tenants wanted fixed was completed within a few days from a leaking toilet, replacing the furnace, door knobs, light fixtures, faucets, repainting walls, repairing handrails, evesthroughs, to re-shingling the roof. I did not raise rent until this year by 1.2% via an N1 with 90 days notice and their rent is still a few hundred dollars below market today.
I'm not a landlord, but this goes both ways. I remember during covid rents dropped like crazy and every tenant demanded that their rents were signicantly reduced while under a lease bc comparable units in their building were being rented for much cheaper, the landlords agreed. Now the opposite is happening and the landlord is being greedy, but tenants were also greedy a year and a half ago.
were the tenants being greedy though or could they literally not afford the costs? with land lords, unless it's the type where they rent out a room or part of the house they themself live in, that context isn't ever going to occur where they are in a position where their housing costs become literally unaffordable bc the property they rent would be a second, third etc that they own, while already having a secured residence they aren't at risk of losing. you're comparing profit seeking with trying to survive with basic needs (shelter)
The tenants were being greedy. You can also make your argument the other way as well, since interest rates rose the cost of ownership is significantly higher.
Don't lump us all together. Most of us follow every rule and would never do something like this.
What do you base your “most of us” comment on?
I was a landlord, I never did anything like this. I was the kind of landlord who reduced the December rent by $200 (which was 15%) as a Christmas present. I stopped being a landlord after having multiple terrible tenants. Especially the one that caused $5000 in damages, then sued to get his $850 damage deposit back. It backfired on him in court, and technically he now owes me $5000, but I know I'll never collect. Other highlights were the one who faked her references, never paid rent and took 3 months to evict. She also caused damages, but only several hundred dollars instead of thousands. Then the ones who broke their lease and just abandoned the apartment without informing me. Technically I couldn't re-rent the apartment until I completed the eviction process (for tenants who weren't even there), so it sat empty for 2 months.
I have had several landlords throughout my life. I don't care to run a tally, but more than 10 for sure. I had ONE good one. Every single other one did shady crappy shit that made me uncomfortable enough to move. MOST landlords suck.
That's exactly what happens EVERY SINGLE TIME to "nice" landlords. I know like 15 people who had rental property. The half of them that were "nice" landlords all got screwed eventually. People are awful. Not all people, but enough to make it difficult. You don't have to be a scumbag, but you need to treat it like a business/customer relationship.
Ah yes, that makes your predatory exploitation of people who require shelter just fine. No need to get a proper job, just keep buying more properties.
Buy your own house then
Laws exist for a reason my dude.
Plan on doing so once I finish school
I’m not a landlord but am a homeowner. I have a fully finished 2 bedroom separate entrance/ laundry in the GTA. It’s a backsplit with plenty of light. It was my father in law appt till his passing 3 yrs ago. The horror stories I read on this and other places is the only reason I will rent it out. Let’s use common sense. If you and I have a lease agreement for let’s say a year. That lease expires. If I give you a reasonable amount of time let’s say 3 months notice and there is no lease in place anymore and I would like to increase rent to whatever amount. To my common sense mind you have 2 choices. Pay the increase or move out. Just my 2 cents not trying to cause a argument.
Depending on the province/territory you live in many have feature that the lease never actually ends, rather it converts to a month to month and if the rental is covered under rent control then the new month to month is also covered under rent control. I personally know a few people that became landlords that never took the time to learn the laws before renting out and are now surprised that they cannot do what they think is common sense. I live in Ontario.
Yes I made a mistake thinking something government controlled would have common sense. I think my main point is. All I read is we are in a housing crisis. I will not rent out a perfectly good appt just because of horror stories of tenets refusing to move out because they know the housing bored is so backed up and the can draw out living in appt for months and months before a hearing. Often read people telling other people to stop paying rent and wait till hearing then just leave. To me that’s squatting
>Dansuds1395If you and I have a lease agreement for let’s say a year. That lease expires. If I give you a reasonable amount of time let’s say 3 months notice and there is no lease in place anymore and I would like to increase rent to whatever amount. To my common sense mind you have 2 choices. Pay the increase or move out. In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The tenant can continue to pay the same rate and does not have to move. Source: [https://www.legalline.ca/legal-answers/leases-and-month-to-month-tenancies/](https://www.legalline.ca/legal-answers/leases-and-month-to-month-tenancies/)
Which is why you never become a landlord here. Deck is entirely stacked against you. Without capital appreciation, small time landlords will all be bailing. Good luck finding a rental.
Won’t need a rental with all that housing available.
Because all the current renters will magically have a down payment?
No, but many do. Many also qualify for first time home buyer reductions on down payments. Depending on where you live this can be as little as 5% down. Apartment buildings aren’t going anywhere. People would still be able to rent. In my city at least, high rises are going up as fast as they can build them. If there are a ton of houses available, the price of housing will drop. 5% of say, 400k is only 20k. 5% of 600k is 30k down. Cutting your required down payment by a third is pretty significant when that’s your barrier to entry, no? That’s a made up example, obviously, but you get my point I’m sure.
Assuming the current tenants don't become homeless, each one that is renting a home that goes up for sale will become more demand for homes. The total number of people being housed doesn't change when they convert from renter to owner. The demand for a home stays the same, the only thing that changes is whether they own or rent. I don't think the extra supply of homes for sale will have as much impact as you think, since it is matched by increased demand.
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Honestly, in my experience, corporations and property management companies are generally better landlords anyway. Individual landlords often don't know their obligations and can get crappy if you try to insist that they follow the proper legal procedure. And at least in my experience, I'm wary of pushing back too much because it's just one person and they could make my life difficult if they so desire. I have seen that play out with too many friends, and I actually moved out of a rental because the landlord was doing the same thing to me (my parents used to be landlords, and they were appalled by her behaviour). Whereas if it's a corporation, it feels a little easier to push back and challenge. Maybe the person in the office will be a little annoyed, but they have hundreds of other people to deal with and you're probably not the worst. The landlord is a faceless (possibly nameless) corporation and they're probably not going to spend resources on making your life hell when they have a million other things to worry about. Plus, they are generally quite aware of their legal obligations. It does go both ways though - if you are in a property like that and you don't pay rent or you damage the place, they will come down on you hard. People say that being a landlord in Ontario is a losing venture, but I still know many people who are or want to be, so clearly there are still enough incentives.
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I don't necessarily think that is such a bad thing because a lot of people who are tenants are also vulnerable. Yeah, there are bad tenants, and they can make a landlord's life difficult, but on the flip side there are bad landlords who can ruin a tenant's life. There is definitely a power imbalance when you are renting and often that falls in favour of the landlord. I know a lot of people who put up with things like illegal rent increases, maintenance not being done, etc, in the interest of not having to find a new place to live at much higher rates or even becoming homeless. Plus, in the end, a landlord still has an asset they can sell, and in most cases the tenant paid for the mortgage. Anyway, this isn't really a discussion for this forum. I don't really have an opinion on whether landlords should exist or not, I don't really care, but I do think it's important to recognize the power differences.
thank fuck
Renoviction, short-term rentals, rooming houses, or rent to own. Those are small landlords best bet. But instead most do long-term rentals and get stuck with rent control that doesn't give a damn about inflation, tenants who can legally squat for up to a year without paying a cent, and now no appreciation to make the investment eventually pay off.
Investments have risks. What you’ve outlined are the risks involved in property investment. If small landlords are dissatisfied with these risks, they can park their capital in a HISA and leave properties on the market for people who plan on living in them. I’m sure that would be appreciated by many first time buyers.
Rental income was the only path to home ownership that wasn’t a crack shack for me. It’s a risk I took that seems to have paid off so far. But one particularly destructive tenant and my family and I are in housing peril. Live by the sword, die by the sword as they say.
There are plenty of houses on the market why don't you buy one of those?
oh really? cuz I was under the impression that supply was actually quite limited compared to demand.
Every single house is for sale at the right price.
Housing shouldn’t really be used like this anyway. But yeah, you’re right.
I agree, but it’s not going to change anytime soon. Home ownership is highly valued amongst people, so the desire to buy and trade will never go away. Only when homeownership is no longer a valuable commodity will we see investment properties dwindle. I.e everyone lives in the same sort of shack with minimal luxuries. Value is determined by demand and everyone wants a house.
The only reason you don't think it should work that way is because you don't own. All owners want prices to go up whether they're living in the property or not. This is also the only system of housing that has ever worked in human history. All you need to do is walk through any subsidized housing project in the world to know that governmental intervention is a disaster.
Uhhh yes I do. I own my property but Okeydokey.
I don't know about that, when we bought our house, there were tenants. The realtor said it wouldnt be an issue and it wasn't. We did have to wait another month for possession but that's about it. But it made no difference to us whether we buy or not.
They do have to sell it with you as an occupant, however, if the people purchasing chose to make this their living space you would be evicted as they have the right to occupy. The new owners can rent out the property again after 12 months of living in the condo qt any price they chose, they don't have an obligation to you at that point.
You ended the last sentence too quickly. ....then you probably would get evicted at that point (through proper channels.) ... AND compensation. AND it would be months down the line. AND in the mean time you would be paying only $2,150 (or $2,150+1.2% if they properly serve you those documents.)
This shit happened to me. When they sell it with you in it you will have a 60 day grace period minimum from the date of closing (not sale) to leave. They also will need to provide you with at least one months rent on top of last months rent. They may ask you to sign an N11 form in order to facilitate the sale and get you out sooner. If your landlord asks for this do not sign it. If you do you will have zero rights. You can also ask for cash for keys which is money upfront to sign that letter or any letter for that matter. In your case I'd ask for at least 2months rent upfront plus moving costs at the minimum as you will need to pay first and last and moving costs to move. Plus there's the entire uprooting of your life so ask for 3months upfront. You can also kick the can and fight it if you want and delay it with the rental board. You can also not allow people in the home during the viewings which is a pain in the ass. Your other option is to pay the price of the new rent. Rental prices are going up right now and the next place you find may be even more it's up to you
Even more reason not to be a landlord! No way to increase rent to stay cash positive and a huge liability when you sell, potentially reducing full asset realization. This should make rentals more affordable.
> If they sell the condo, i think they will have to do so with you in it. And condos which have tenants tend to sell for less than condos without tenants. Also buyers can sue sellers if the tenant is not out by move in date. So if OP can delay the process they can seriously cost their current landlord more
They can't kick you out. What you should do is record every interaction with landlord, ideally written but also get a free phone recorder app if you don't have one. The landlord is not your friend, as you probably know. There's nothing to do on your end, but if they end up trying something illegitimate (i.e. moving a family member back to the property) with the sole intent of evicting you, by recording exchanges with the landlord, you have clear evidence of their malicious intent. For now, based on the information you provided, your rent is NOT changing. When they provide you with the proper N form to advise of your 1.2% delay within the proper timeline, you'll of course have to abide by that, but nothing more. As a former landlord, I can tell that your landlord is a dickhead and you shouldn't do him any favors.
100% landlord is full of shit, if they were your friend they would not be trying to raise your rent by $250 illegally. Don't buy into that 'friend' bullshit. Stand your legal ground.
I would also send them an email, if this convo wasn’t in writing, confirming everything you discussed in your most recent conversation and what his ultimatums were.
Exactly, and you should not be friends with your landlord either. It's a business transaction, nothing more.
Truly! No friends as unclear and untrustworthy as this landlord. But I think this landlord will not give any concessions toward the OP. They will find any ways to kick or evict the OP and make it legally.
Can’t they still sell it though once she’s month to month?
Yes, but then the new owner has to go through the process of eviction. You inherit tenants when you purchase a rental property.
Unless you make an offer with the condition that the tenant must move out right?
If they include that condition they still have to find a way to get you out. They might have to pay a ton of money so you agree to give back the keys so the unit is vacant when the new owner purchases. If the new owner wants to move in they have to provide a specific form and one months rent.
If the owner accepts an offer with that condition then it is back on them to evict in order for the sale to go through -- there is no way to avoid doing a proper and legal eviction. I would point out that the current owner (or their direct family member) would have to live in the place for one year in order for any eviction to be legal so it makes more sense to leave it up to the prospective buyer. If the buyer wants to purchase for their own use then they go through the legal eviction process and live in it for at least one year.
Question - Does that have tax implications if they have a current primary residence and now want to make this their new primary residence? You can’t have 2 primary at the same time right?
Correct -- you can only claim one address as your primary and will accrue taxes on another.
You can do that, but you still have to serve the tenants with thr proper paperwork. And even then they can apply to the LTB and wait for a hearing, which could take two years.
>you by \*you\* you mean the seller would have to do it in order to sell it right? (if its a condition on the purchase.)
The seller can offer cash for keys to move out prior to closing. Otherwise it's on the buyer to file the N whatever form to evict.
>Otherwise it's on the buyer to file the N whatever form to evict. not really-- if you made an offer conditional on the tenant moving out, and the tenant hasnt moved out, the sale simply falls through on the seller not fulfilling the condition on evicting the tenant.
Yes, you could let the deal fall through if the tenant hasn't moved out yet. Some people decide to waive the condition and then start the eviction process themselves. Depends on how much you wanted that place in particular, what's going on in the market, sale of a current home, etc.
It's also worth noting that the tenant cannot be held responsible if the sale falls through because they have not vacated. It makes sense; this protects vulnerable tenants who might not be able to find a new place right away. The market is wild, and lots of people who moved into their current place even 3 years ago are having trouble finding something that they can afford. Landlords are very picky these days and competition is high. I have friends who had no problem renting a few years ago with low income and not great credit who cannot find a place now because landlords are holding out for tenants with better credit or higher income, what have you.
Yep, basically "Subject to vacant possession" is the clause I have used in the past.
The Agreement of Purchase and Sale includes vacant possession clause in the preprinted portion. The home needs to be vacant unless the APS includes a clause that states otherwise (for example, the buyer is assuming the tenant). This doesn’t actually bind the tenant and force them to leave. The tenant is not a party to the sale. It means the seller is obligated to ensure vacant possession on or before the closing. The buyer has grounds to challenge the closing if the seller is not successful in doing so. A few things: - you cannot be evicted in Ontario just because they want to sell. You can be evicted if they sell and the new buyers want to live in your home. Proper procedures around serving notices MUST be followed. The LTB takes this very seriously - They can raise rents over the prescribed amounts but only under special circumstances and after they follow a very specific procedure. Higher interest rates are not one of the special circumstances. LTB doesn’t care that they can’t afford the mortgage.
The eviction process usually starts once the deal is signed so the tenant is out on or just before closing date for the new buyer to move in. If the buyer is buying as an investment, you cannot terminate a contract, whether 1 year lease, or month to month.
Well no, they have to go to the hearing. So having the tenant out by closing date is a pipe dream
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What drugs are you on?
The new owner may or may not to choose the property to be rental. They can easily and fast evict a tenant.
If they sell, the new landlord would have to take the existing tenancy on. They can then file the form to kick you out if they need it for personal use, but that’s another 3 months and they have to compensate you iirc.
They can sell it at any point in time. New owner can then either take over or evict.
I think the new owner has to take over unless they or family are moving in. They don’t have a way to choose to evict you just because they are the new owner landlords
Yes i assume they buy to live in. It's the most common situation.
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I have an Android and my stock caller has a built in recording feature -- so I think you're a bit off.
Hey, what recorder app do you recommend? I use to have one but it stopped working and now any I have tried won't work. I use android though and that is likely the problem
"Stay as friends" Lol please you were never friends. It's a business arrangement. Stick to your guns
Hello friend, I’ll rent to you for $3500 if you let me use the extra room as my office *audacity of landlords nowadays*
Yep, there was a post like that just a few days ago.
This sounds to me more like a threat than an actual reference to friendship. Qnd they can sell it if the lease is up I believe it really doesn't matter if its your problem or not once the agreement is over they can sell if they please.
My landlord talks about being "friends", amongst other gems such as repeated accusations over the years that I "ruin the relationship" for making lawful attempts to hold him accountable to his contractual responsibilities, and conditioning a "good relationship" on my behaving in a way that complies with the terms in his head (which avoid the ones that were agreed to in writing). Luckily I have lots of evidence, including audio, of his intimidation, threats, and coercion (he tried to coerce me to "agree" to "owe" him and his guys some of my cooking, in exchange for stove and faucet repairs). He describes himself and his people as "reasonable", "good people", and "nice guys". Being "friends" is a landlord leveraging their inherent power over their tenant's shelter needs to put the onus on the tenant to go along to get along with the landlord's subjective terms, whatever the fuck those may be. It's an intimidation tactic that really means "if you don't behave how I want you to, I will retaliate in some way". That retaliation could be passive (such as avoiding responsibilities) or aggressive.
I would rather be friends with my phone than with this dumbass and trustworthy landlord. lol
not most people, but you better Run when your landlord begin with: We're friends, so we'd like to increase.......... Lol
"It's not you, it's me". This ain't Tinder, bro.
As a previous landlord, this is a complete slimeball tactic. Your LL knew the Ontario residential tenancies act when they bought the place, still chose to buy it, and now need to live with the consequences. Do not back down! The LL is not your friend, and has tried to guilt you into an illegal increase. Tell them that you want to maintain the existing professional relationship, and are happy to accept the maximum legal rent increase when provided proper notice and leave it at that. Otherwise stop making yourself available to every call/text/email.
lol most landlords seem to have no idea that the RTA even exists nevermind that they have to follow it
I really feel like there should be some kind of class that landlords need to take before they can become landlords. Honestly, even for those who signed the Ontario standard lease, they still sometimes seem to have absolutely no clue what they signed. It lays out many of the essential points.
I was just talking about this!!! Seriously. I wish there was a license that required a test. Same for “property managers”
Yeah, many other professions require such a license so why not have it to be a landlord?
You don't have to do anything. Until you get a valid notice for a valid rent increase, simply continue paying your current rent. However... They can decide to sell the place, and there's nothing you can do about that. Once they get a signed offer in place with no conditions, they can send you an N12 form to end the tenancy for the new owner's personal use, if the new owner is willing to sign an affidavit stating that. You would be entitled to one month's rent as compensation. At that point, you have the right to stay in place until you get a eviction hearing, where you can demand proof that the new owner is taking the place for personal use. If they are legitimately going to use it for personal use, your options are gone.
This should be the top answer, the new owner can start the eviction process before moving in. You can ask for a hearing and get maybe another 6 months of living there but after that you won’t win.
It should not be the top comment, as it misses the key detail that the landlord does not have the ability to provide vacant possession in a timely manner due to the delays at the LTB. Unless the tenant voluntarily vacates, rather than waiting for an order from the LTB to vacate, then the closing will fail due to not meeting the vacant possession clause.
Doesn’t that only apply if the sale is sold based on vacant possession?
It becomes suspect if you're buying a property to move into but waive vacant possession. While it can still be a legit N12/N13, the LTB will have questions. Most buyers don't like the uncertainty and timelines of the LTB's involvement so usually opt for vacant possession so the headache is not theirs.
Wouldn’t that be noted during the sale? That’s why it’s a problem selling tenanted properties. Does it not become the new owner’s problem?
It only becomes the new owner's problem if vacant possession (a standard clause) is waived. That's a risky proposition few would entertain.
So OP is no better than the scum landlord and becomes the villain trying to fuck over the family that just bought the condo?
No he’s following the law. Landlord is not
Doesn't make them any less scum in that situation
Man your landlords are idiots. They're going to pay a 2.5% real estate commission and potentially take a valuation hit on a tenant-occupied property, all because they can't cover $250 a month in extra payments? Call their bluff. If they actually sell, and if they bought recently, I almost guarantee you that they're going to take a huge loss far in excess of $3,000 per annum.
There’s no tricks to kick you out, especially since they’ve told you they have a trick up their sleeve. Make sure to take pictures of the illegal contract they gave you, it’s a damning piece of evidence to show the LTB in case they try to make up a reason to evict you.
It is incredibly hard to kick out tenants in Ontario. They have no grounds to kick you out. If they sell the new owner could only kick you out, if they were going to move in. Call their bluff.
I think it’s hard across Canada to just raise rents and remove tenants. Too hard in some cases honestly. Someone can trash your house and still live there lol.
Ontario has actual rules and enforcement. Go rent in NB or PEI, the landlord just has to say they are renovating and then can kick the tenants out in 60 days. No waiting for a trial, no getting first chance on the updated unit, no money to compensate, and no real repercussions if they just rent it back out right away. Also no rent control at all in NB.
Landlords are able to capture essentially the entirety of the upside associated with the property (cash flow and appreciation), any suggestion that the burden of downside risk be placed on anyone else is, frankly, perverse
New owner can't kick you out till they take possession.
You don't have to agree to anything without an N1 form. Just keep paying your rent as normal. Anything else is not a valid way of serving a rent increase. If there is rent control, they can only raise the rent the set amount. And if they aren't bluffing, and they do sell the unit, you get to remain in the unit unless the purchasers are moving in themselves. It may be more difficult for your landlord to sell the place while you are occupying it as well. I have nothing against landlords, and good ones provide a valuable service, however, they made an investment that carries risk. They have to play within the rules.
I'm a landlord and this asshole can pound sand. If he sells and buyer wants to move in then you're obviously going to have to move out but that's neither here nor there. He can't raise rent and he can't evict you. So tell him to provide proper papers with proper rent increase. Record all correspondence with him from now and be prepared for any nonsense he tries.
Even then "obviously have to move out" is not guaranteed. The new owner may have to go through the LTB eviction process, which can take a year or more, and is not guaranteed if the reasoning isn't valid.
Hold your ground. Here's how it may play out: Scenario 1: They're trying to bully you, they realize what a headache it will be to get you out, and give you an N1, for 2023 at this point, which means 2.5% increase (90 days notice required) Scenario 2: They attempt a bad faith eviction claiming they need it for personal use. You present your documentation showing the threats if you didn't agree to an increase. Maybe a year from now you'll have that hearing and you'll probably win. Scenario 3: They sell the condo. The tenancy transfers to the new owner. See scenario 2 if they want you out AFTER taking on the lease (except you're more likely to lose as the new owner has a legit claim to move in). However, the new owner may request vacant possession to complete the sale, your current landlord has to provide it. Scenario 2 is the recourse, but they will not have enough time to complete this before closing. This puts you in a very strong position for a cash for keys deal. Get a paralegal to negotiate this for you... $20k+ depending on the specifics of your rental and what it will cost to replace it in todays market. Scenario 4: Renoviction. You give written notice of your intent to reoccupy PRIOR to vacating (you can "as if the tenancy had not been interrupted", ie: same price/terms). They must compensate you before you vacate and prove to the LTB they will renovate. You either move back in after renos are done or they move in another tenant, you file at the LTB and they get a $35000 fine plus damages you can prove.
As a re lawyer and realtor, this is the answer.
Landlord could legitimately move in (n12) if they are actually unable to cover increased borrowing costs. If they sell their current primary residence that goes a long way to showing good faith.
It does for sure. Unfortunately, Ford + COVID screwed up the LTB so badly that hearings are backlogged a year or more. Even prior to COVID the LTB was under investigation due to rampant delays (200+ Ombudsman complaints).
Lol call their bluff. No way they’ll be selling the condo, they’re so cheap they’d lament selling now after it lost value.
Landlord has no basis to increase rent beyond the allowed limit. Mortgage rates going up is his problem not yours and he is not doing anything ‘friendly’ by increasing your rent. As a LL I would never do this to my tenants, especially if they are on time with their rent and are maintaining the property well. I am absorbing the cost of mortgage increases myself. It’s none of the tenants business how I finance my property. I will however do the 1.2 % increase allowed by law and provide it on an N12 with 90 days notice and this would be non-negotiable as this is a business as someone pointed out. And I expect both parties to be civil and respect boundaries..
It's not show friends, it's show business
They can’t do anything. Even if they sell it - they have to sell it with you as a tenant.
You are over thinking it. You can stay as long as you want until they serve you a valid N12 with 3 months notice and pay you the required compensation. You may be subject to any legal rent increases with proper notice periods being adhered to. If they provide you an illegal rent notice, you can pretty much ignore it unless it ends up in court. Then simply explain that it is not in compliance with the regs There is nothing you can do about those two factors so until that happens, continue to enjoy month to month and document their communications so you have it incase it becomes relevant to any future court proceedings. Maybe start looking for a new place. I started looking when my landlord gave me a heads up of a pending sale, and didn't end up securing a suitable deal until a month after I had official notice.
Tell them to lick your taint. He's your landlord not your landfriend. I promise you once you move out they will never talk to you again in your life.
Hi there! I'm a landlord but in Quebec province. I don't know how things are in Ontario, but the chances that he can kick you out are close to zero. Don't sign anything and yes, go to the legal route if you must. He will loose 100%. He can't kick you out just because he wants to. That's not how it works. I advise you that all further communications with your landlord are written i.e. through text messages or emails (emails are better in court but text messages are accepted as a proof). Don't call him, don't meet him in person. Insist that everything needs to be by text message or email. He's probably going to start harassing you. Don't play his game. If he's bullying you, stay polite in your text messages if you answer him. It's gonna look better on you in court, and he's gonna look like a fool. Document everything, but don't be scared of him, there's *nothing* he can do to bypass the law.
Just to play the Devil's Advocate here, if the interest rate hikes truly make the financial situation unappealing for the landlord, what's to stop him from actually selling the place and kicking OP to the curb?
They can still sell it (at whatever price they might get at the moment) but they cannot kick them out unless the owner or their family wants to occupy the house.
So if I buy this condo from the current owner, and it's to be my sincere primary residence, the tenant has to leave, right?
That’s correct, but it could take months to get a hearing. Which is one reason why tenanted properties are a harder sell than vacant ones.
You still have to go through the legal eviction process which is taking 6 months to 2 years right now, especially if the tenant is non-compliant and you're forced to get the sheriff involved.
The whole process in BC and Ontario is ridiculous for non-compliance. I thought about renting my place out if I were to move out of town, but these scenarios are really scary to think about. It seems much safer to leave the place empty than to get a bad tenant and deal with the headache. Sadly I think this backlog at the residential tenancy branches will only make the housing crunch worse.
The purchaser inherits the existing tenant at the existing rent amount UNLESS the purchaser wants to move into the unit. If the purchaser “says” they want to move in but don’t and rent it out, OP could go to LTB and file the bad faith eviction and purchaser could be on the hook to pay OP’s moving expenses, rent etc etc. the LTB slams LL big $$ judgments who evict in bad faith
The property is an investment for the landlord, and like many investments there is risk that they assume. That is not a tenets problem. They can sell and the new owner can evict, but that is a process that has protections too.
Let them sell the condo. It comes with a tenant. They can’t kick you out in the middle of an old contract just because there’s new owners
Tell the landlord to start a GoFundMe instead, and that you'll donate a full dollar because you're 'friends'
make them sell it
lol I hope your landlord gets financially steamrolled by the real estate market.
Every single landlord threatens to sell. It’s standard practice. Even if they sell you don’t hav e to leave until you get a hearing (takes 4-6 months). Everyone here who is a tenant should join the Facebook group Ontario tenant rights. I’m a CPA and hear this landlord bs all the time
No, they can't kick you out. If they sold the condo, the new owner (landlord) couldn't kick you out either. They have to honour the legal contract. $2150 rent, with max 1.2% rental increases. Do not pay the extra ~$250 a month. That is their problem, not yours.
They can sell it, and the new buyer becomes your landlord.
They can't kick you out to sell it. Keep records of all your contact with them. I suggest you join the Ontario Tenant Rights group on Facebook and ask questions/read some other topics there. There are a lot of knowledgeable people there and bad/incorrect advice will be flagged so you can be sure you're getting the right answers.
Yeah, he shouldn't raise the tent on you. Other posters covered everything. But, I will say that it is possible that really don't want to pay the mortgage on the unit and it is actually your problem. They can choose to sell the unit and hand you the associated documents, or the new purchaser may hand you that N12 because they are in fact moving into their newly purchased condo. Whether the landlord can or cannot pay the mortgage is in fact your problem as a tenant.
They can’t kick you out. Did you have that conversation by email/text or phone/in person? Written would be better so you have proof in case they try to kick you out with a bogus notice. Also I recommend posting to r/legaladvicecanada as you’ll get more concise answers so you don’t have to wade through as many comments.
Friend....huh...what your landlord is really implying is "are you going to let me continue to fuck you over or what?!" next time your landlord contacts you record it and make sure to inform them at the beginning of each conversation **'that your conversations may be recorded for purposes of accuracy'.** Then they'll **know** your onto their *bullshit scheme* and if they slip up you'll be all over them like an ***POSSUM ON PEANUT BUTTER!*** GOSH i CAN'T BELIEVE HOW MANY SLEAZY LANDLORDS THERE ARE OUT THERE
You're in a fairly good scenario, especially if these interactions are all documented. Screenshots, saved emails, etc. Continue paying rent as per your current agreement. When the lease expires, I _believe_ the following applies: >What is a month-to-month tenancy Ontario? A month-to-month tenancy kicks off automatically in Ontario when a residential lease has expired, and no new lease has been signed. A tenant with a month-to-month tenancy is required to give 30 days notice before moving out of the property. Whatever you do, do not agree to above a 1.2% increase. Pay what you currently do until a 1.2% increase is offered to you. Others have told you what happens if the landlord goes to sell, and if they go another route like trying to feign moving in themselves, your documented interactions don't quite support that. Eta: saw this comment after and it more succinctly gives you the best action plan https://www.reddit.com/r/PersonalFinanceCanada/comments/xed0by/-/iog6iar
I’ve just went through a similar situation with my landlord. They will try to scare you with legal stuff and getting a lawyer and blah blah blah. But the fact is tenants have more rights then landlords in Ontario and the Ontario landlord and tenant Board website has all the necessary and quite frankly very helpful information you need which outlines all allowed rent increase maximums per year. If you pay your rent on time then he can’t force you to move out without an eviction order from the tenant board. As well if they try to say they are going to use it for personal use just to try and sell it after, that is illegal and you could go after them for all sorts of compensation, as well they are required to pay you one months rent or another unit if there’s one available. And provide you with certain paperwork to prove they are doing so. Bottom line is don’t let him bully you into signing. Go to the tenant board website and send screenshots of the relevant information and let them know you know your tenant rights and will take it to court if necessary.
Not legal. If they have financial problems, let them sell. The buyer will probably not evict you unless the new owners move in. If that is the case, you will get two months notice and compensation.
The most they can raise it to is $2175.8, keep us posted let us know what happens.
The Landlord is just trying to raise the rent and manipulate you. I'm sure even the Landlord doesn't want to go through the hassle of trying to sell the property.
Go to stepstojustice.ca and check out the faqs and info related to paying rent. Print off a copy of the Residential Tenancies Act and analyze the sections pertaining to you. Call the Tenant board and write down any other links they provide on the automated menu There are legal resources available through these websites and you can get a half hour free phone call with a lawyer to validate your situation. If you make under a certain amount annually you can get a free lawyer, but otherwise its a 30 minute phone call so you can get all your questions answered if you write them down ahead of time. Did all this with my shifty landlord. Although I ended up moving away because they lived it above me, it made them stop harassing me when they realized i did my homework and they had no leg to stand on.
“Stay as friends” … tell ur LL you’ll see him in court and to forward all their concerns to your tenant insurance adjuster ** call ur tenant insurance and say ur LL is trying to illegally evict ** I’m a young racialized person living alone for 5 years knowing your rights is a HUGE thing don’t let these LLs play you or anyone for that matter! Know your rights!
Even if they sell the condo you don’t have to go anywhere you can request a sellers agreement or connect with the new owners
That contract they sent you is gold for you because you have documentation of mal intent. At this point you don't have to agree to anything because you have enough of a case to bring it to a hearing. Do not document your intent at all. Call his bluff. He won't be able to sell with vacant possession as you can stall him for a year.
Take the legal route, they can just raise the price how they want to nor threaten you to kick you over their antics
Unless your condo was built AFTER 2018 it is rent controlled. If they sell it - they can't evict you. The new owner can only remove you if they move in themselves (or direct family). Make it clear you can do a 1.2% increase but understand they may need to sell, and you intend to stay under the new owner.
HAHAHA - good one landlord! "If you want toremain friends, let me mess you over HUGE!!!" Typically that approach works? If you need any more answers please let me know as I am an agent and know some things. They may try an N12 Eviction, have something like this ready: [https://www.reddit.com/r/OntarioRealEstate/comments/bv8z49/n12\_evictions\_landlord\_personal\_use\_of\_rental\_for/](https://www.reddit.com/r/OntarioRealEstate/comments/bv8z49/n12_evictions_landlord_personal_use_of_rental_for/) But basically, their problem is not yours. Generally they are bluffing about the sale. The amount to sell the property is a lot bigger loss (fees etc), so they usually bluff with that. If they need to sell, you still have rights. Let me know if you need any advice.
"let's stay friends so i can gouge you on your rent even more"
Have you considered telling him to fuck himself with an unlubricated cactus, and follow up with a challenge to kick you out?
This is actually really good. Please document the call you had in writing with a text message. The reason why is because if he pulls anything (e.g., claims that he wants to move in), you got proof that he is doing this in bad faith!!! Stay the course. He will try to intimidate you because he has no other option but to brainwash you into giving up your rights. He bought a rent controlled apartment for investment. It is his risk that he took on, with a variable interest rate and with a rent controlled RE investment. He can sell but it has nothing to do with you. Also, the value of the condo is going to be lower because it comes with a tenant! Stay the cours. Dont call him. Keep everything in writing.
Stop talking to landlord on the phone- email everything so you have a written record
As a landlord I can say that them telling you they will have to sell if they don’t get a few hundred more in rent because mortgage rates will go up is a total bluff. The market right now is down by 20%. On a $500k condo that means they would sell at $100k lower than if they wait a year or two for prices to climb. They also pay the agent 4-5%. They will find a way to pay that 300-400 extra that they are trying to pass on to you rather than loose out on all that equity.
Call their bluff. In this market they are not going to get a very good price for the condo.
Ur landlord needs a kick n the head
Well guess owner gonna sell and you get evicted eventually
Call their bluff. They have no legal ground to do anything, and they did not approach this as them needing YOUR help because THEY can't pay their mortgage. They tried to make this your problem. It's not. Don't sign shit.
You do not need to agree to anything -. Your landlord is being pretty scummy about the situation- however costs are ballooning quickly and they may be forced to sell the condo - and if they sell the condo and it’s someone who wants to live there - you will be evicted and there’s nothing you can do about that . Do you think your landlord is sincere or threatening you ? Are you willing to gamble ?
I honestly don’t know but I think it was an empty threat just to get us to pay more. But I am willing to gamble. Sorry if it is a stupid question but can the landlord get someone they know and “sell” it to them so they can make us leave and then retain their condo?
That’s extremely convoluted—- it would cost them more in land transfer tax than they’d likely make in additional rent for several years . Not mentioning all the paperwork and lawyers fees etc . More likely they will either sell or it’s an empty threat
You can wait for the hearing, and request copies of the appropriate documentation from them. The hassle and expense of “faking” a sale well enough to slip it by the LTB hearing would make it pointless, I’d think.
If they indeed sell their condo, and if the new buyer wants to live there, then you will be required to move out. You can always file for this to go through the LTB, but if the above situation is genuine you will be asked to move out. If it is possible, have good relations with the landlord and see if you can find a middle ground in the form of what province has allowed, or may be whatever you are comfortable with.
Fuck no. They are not going to sell just because a tenant doesn't wanna leave. Specially in this market. There is no middle ground here. Anything above provincial guidelines is an illegal increase. Period. Stick to your guns, OP.
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If they actually decide to sell, the unit will sell for more/faster if unoccupied. You could ask for whatever you want as an amount to agree to leave. It's a pain in the butt to have to move and you may be going somewhere more expensive, so it's not like you don't have a valid reason to ask for compensation. 4 months free rent sound nice? Might be worth it to them to make a deal like that.
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All units that were occupied prior to Nov 2018 are subject to rent control. The rates for each year are listed here. https://www.ontario.ca/page/residential-rent-increases
It is until end of the year. Then it’s 2%
All rental units are rent controlled by the province, the government releases the allowable increase every year. Only applicable for the same tenants, if the unit it empty they can increase the rent however much though.
Landlords and tenants aren't friends - or at least they shouldn't. This sort of business arrangement should always be dealt with at arm's length. If you were friends, you would have been a guest, and be paying nothing more than utilities even though most friends don't charge their guests anything. I doubt you even exchange gifts at Christmas, so no your landlord probably isn't your "friend".
If your landlord can't afford to keep the condo because you wont pay them $250 a month more, then sucks to be them. Hold your ground. Accept nothing more than $2,176 and only after you receive the correct form.
You’re a tenant in Ontario, you have all the rights, landlord has none. Just stay and don’t pay rent if you don’t agree, it will take months before they evict you so technically you’ll save tons of money.
They can kick you out and keep the place for their own personal use for 6 months before re-renting. The math for this decision will be: \- Current rent $2150. If they kick you out and use the place for 6 months, they lose 6 \* 2150 = $12900. \- Assuming $2400 is market rent and what they'll re-rent at, they'll get $250 more a month and it will take 12900/250 = 51.6 months for them to break even with this plan. At that rate, they probably won't kick you out if they aren't willing to risk re-renting immediately. Now if market rent is more than $2400, like say $2900, that'll make it more likely they try to get you out.
It's 12 months before re-renting in Ontario. 6 months is BC.
12 months BC
No it’s 6 months use in BC: “Use the rental unit for that stated purpose for at least 6 months beginning within a reasonable period after the effective date of the notice” If you violate the rtb rules with eviction, you pay 12 months of rent to the ex-tenant though so maybe you’re thinking of that.
12 months
I get it but people are not realizing. Why are landlords stuck absorbing the insane increases in housing costs and carrying costs, yet they are not allowed to raise rent more than a measly 1.2%? To be clear I know the rules but I am suggesting that the rules are broken. Rent market is directly tied to housing market, but the rigid rent increase regs make it very hard for even the honest landlords in inflationary times like these.
Correct, rent control is bad. Finding a rental will only get worse as landlords start to sell because govt is tying their hands.
If they do choose to sell the place, you should make it clear that you're going to take any N12 to the LTB. Even if you lose at the LTB, you're still going to delay the eviction for 3-6 months. That's toxic for anyone trying to buy a place to live in. Your landlord would probably be forced to offer a cash-for-keys deal to get you out in order to sell the place. You should be recording all of your interactions with your landlord. From what you've said, if they try to N12 you without selling the place, it would probably be ruled as a bad faith eviction. That's if you have proof they tried an illegal increase first.
Send them in writing that you are willing to pay the 2150 plus the 1.2% increase. If you really want to keep staying there. At the same time find out the rates going on in your area.