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HOLY FUCK. how the fuck do some of you post when it's NOT TRUE. As some of you have mentioned, if you MOVE into the basement, then he has to leave. That's TRUE *with tons of minor details involved. Yes, you need 3 months requirements etc. blah blah blah. HOWEVER If you are CAUGHT DOING THIS and your existing tenants catches your listing on CL and try to rent, they can sue your ass. |
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I fully acknowledge that I am not a rental property expert, but using just plain common sense, a basement suite is completely different from the main suite. The amount of space being rented is different. The amount of rent being collected is different. The only thing that's the same is the house address. |
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I do know that RTB Arbitrators are not stupid, would probably look out for this sort of thing, and don't always deal in black and white. |
Come to think of it, I think the moving into the basement thing would make more sense, and you'd have much better coverage to protect your own a$$, if you do the following: - look into rental costs for a suite the size of your main floor in your area (let's say it is in the $2000 - $2500 range) - notify your tenant that he needs to move out because you plan on moving into the basement suit, but offer him a rental contract for the main floor at $2500 or $2500+ The assumption here is, with such a huge increase in rent, he would not be interested in renting, and would therefore move out. By offering to rent him the main floor, he cannot say that you never offered him the alternative rental suite and use that as an allegation against you should he ever protest to the RTB. At the same time, the risk involved is, the tenant takes you up on the offer, and then you'd be fxxked. |
And, in order to do so, the tenant will have to sign a rental agreement and agree to new clauses, like no smoking on the property, limits to his use of the property, separate utilities etc. Judging by what the OP has said about the guy's wanting no paper trails, it seems unlikely he'd agree. |
^^ I agree. With all the added conditions, it seems quite unlikely that the tenant will agree to move into the main floor. |
Here's all you need to know if you want to start charging more money: Quote:
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It's Two Month Notice to End Tenancy. (+ Compensation etc, there's a long 3 paragraph on how it's done) Why can't you just move in and then kick tenant out? Yes, technically you can. It's called Landlord’s Use of Property. 1) A landlord can serve a tenant with a Two Month Notice to End Tenancy (PDF, 2.2MB) when the: Landlord plans, in good faith, to use the property Landlord’s use of property applies when the landlord: 1) Moves in or has a close family member live in the rental unit 2) Sells the property and the new owner, or a close family member of the new owner, plans to live in the rental unit. *they are VERY specific on what "close" is. Mom, dad and child of landlord or spouse's children. it's very black and white, brother and sister don't count. (more details on their website.) We had a client who though they would outsmart the tenant. The tenant did NOT move out after the notice. Owners were pissed. What they didn't know was the tenant kept all screen shots of the exact same posting of the unit on CL. They filed for dispute resolution and requested compensation. a) When it comes to question, burden is on the landlord to establish intension. b) Owners have to prove purpose that negates the honesty of intent or demonstrate they do not have an ulterior motive for ending the tenancy. (Try explaining to the officer your ad on CL). |
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The moment you try to increase rent, the tenant quickly files for dispute. 1) You will then have to wait for the hearing which is 2 months queue and wait. 2) Then it's your turn to find ways to justify and you have to show the officer why. (it's super painful) *Cheap* is subject so you have to make sure you have a huge list of examples. 9/10 times, owners lose. (based on the cases I've dealt with). |
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Makes me think the person who wrote that definition was an only child. |
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While I'm no expert on this, but the landlord moving into the basement and rents out the top level instead may be an option. Even to an arbitrator, it is perfectly reasonable to explain that your family has run into financial difficulties, and therefore needs a larger income per month thus your family needs to move downstairs and therefore require the basement suite. However, the rights of first refusal I'm not so sure about, whether or not your existing tenant gets first dibs. |
For the love of christ, this is some of the worst information and advice I have read in a long-ass time. Just pick up the fucking phone and call the RTB...you can leave your number for a call back. Also, wtf is a 3-month notice?! |
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