Selling a tenanted property in Ontario requires understanding your legal obligations. Provide proper notice under the Residential Tenancies Act and maintain clear communication with tenants. Showings must be scheduled respectfully, with 24-hour notice. Ensuring tenant cooperation can lead to smoother showings and a better overall selling experience.
You’ll also need to disclose the tenancy to potential buyers. If the buyer wants to occupy the property, ensure timelines align with legal requirements. Working with a realtor experienced in tenant-involved transactions helps avoid disputes and delays. With the right approach, selling a tenanted property can be straightforward and profitable.
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