Court Case Study - Landlord Kicked Out Tenant in Bad Faith?

Рет қаралды 8,236

Жыл бұрын

▼ Schedule a call with Dan:
www.condowong.ca/call
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.
▼ Check out our top trending playlist:
Toronto Real Estate Market News -
• No More Airbnb for Con...
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
▼ Dan's Immigrant Story:
• My Immigrant Story fro...
#LandlordTenant #KickOutTenant #LeaseTermination #TorontoRentals
#TorontoCondos #TorontoRealEstate #RealEstateInvestments

Пікірлер: 16

@amitkakar5827 Жыл бұрын

I had the exact same thing happen to me, except the judge ruled in favour of the seller - odd that we have two similar circumstances with two different rulings - the judge ruled that the buyer was at fault and seller did everything he could to act in good faith. The only difference is the tenant only named the seller in the hearing to the landlord tenant board. The buyer was a numbered company from Vancouver and no effort was taken to locate them by the tenant.

@SowerOfMustardSeed Жыл бұрын

Love you sharing this court case. Thanks! It’s very helpful.

@LYFSTYLco Жыл бұрын

The bigger problems is landlords and rental companies raising rents by 20-30% on good long term tenants is inhuman. Yes, you’re allowed to do this by law but that doesn’t make it right. I would rather have a tenant who treats my property like it’s their own home and lives there for an extended period of instead of constantly raising rents and having to cycle through multiple groups of people.

@JulianChow94 Жыл бұрын

You can talk all the flowers you want, let's see people react when the rate hikes increases your mortgage payments so much that rent can't cover it anymore.

@JoeL-fs4sm Жыл бұрын

Great sharing Dan!! Thank you.

@allistairtrent Жыл бұрын

Another approach would be to hire someone to represent you at the Landlord and Tenant Board who was familiar with the issue and could point out the various decisions of Apellate Courts (including two that are mentioned in the Board's own Interpretaion Guidelines) that say that the purchaser is the one liable to pay under these circumstances.😁

@anastasiaromanov3737 Жыл бұрын

If you have a long time good tenant, don't push him out. With sky high rent, you can get into very strange situations like subletting etc.

@a_name_a 3 ай бұрын

10k is nothing though, if you raise the rent by 1000, you make that money back in 1 year

@burtonlee706 Жыл бұрын

I’m renting out my unit for 20% below market price under rent control. Nothing I can do.

@darylmorrison6598 Жыл бұрын

@@akk4768 Guess what? Tenants aren't just an investment opportunity. They are actual human beings. If you don't like the regulations protecting tenants from greedy landlords, then don't invest in rental properties. Pretty simple isn't it?

@darylmorrison6598 Жыл бұрын

@@akk4768 I have a feeling you have no idea how the law works regarding the residential tenancy act here in Ontario. You can’t just simply “break the contract”, forcibly remove the tenant and then just pay a fine. Doesn’t work that way. If you didn’t know what you were getting into when you purchased a rental property as an investment, then that’s on you. Should have done your research first.

@darylmorrison6598 Жыл бұрын

@kyoung5600 Жыл бұрын

That's Toronto Canada real estate law, nothing to do with American.

@jcsdesign Жыл бұрын

Landlord's should have a reputation to live up to like a restaurant. There should be a website like Yelp where names of landlord's can be looked up based on their history and reviews. No paying tenant should be asked to leave their home unless the landlord is selling. At least 3 months' notice should be given to tenants when they are planning on listing. A mutual agreement should be met when a landlord is asking the tenant to leave before the contract is fulfilled.