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According to the Landlord and Tenant Board, there are only 2 legitimate reasons for the Landlord to terminate the lease with the Tenant.
Reason #1
You or your immediate family needs to take the unit back for self-use.
And in this case, you must pay one month’s rent to the tenant for compensation.
Reason #2
You sold the unit to someone else and the new buyer needs the unit for self-use.
In the video, Dan shares a case study where the Tenant thought that the Landlord terminated the lease in bad faith and sued the Landlord for damages.
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Every Crisis is an Opportunity.
I'm living proof of the statement...
I have gone through 3 very different careers, from a computer store owner, to a computer hardware design engineer at a tech giant, to a real estate broker. I started each new career from a crisis and I became more successful than ever in each.
So when I started CondoWong, I wanted to create a real estate brand that not only survives but thrives through constant changes and uncertain times. And this mission is best accomplished by delivering proven results to our investors consistently.
CondoWong is powered by a full-service in-house team to help you land on a winning investment and take care of it throughout its lifetime, delivering the hands-free and rewarding investment experience that every investor dreamed about.
- Dan Wong, CEO & Founder of CondoWong
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