Rta guidelines re sale of property

240 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
240
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Rta guidelines re sale of property

  1. 1. RTA GUIDELINES RE SALE OF PROPERTY What if the lessor wants to sell the premises? If the lessor decides to sell the pr emises and they want to enter to show the premises to a prospective purchaser, they must inform you in writing using: • the Notice of Lessor’s Intention to Sell Premises (Form 10), and • the Entry Notice (Form 9). The lessor/agent must give you a Notice of Lessor’s Intention to Sell Premises (Form 10) which should include details of how the lessor is planning to sell the premises. If you have concerns about the lessor/agent’s sales strategy, it is best to contact the lessor/agent immediately to discuss the matter. You and the lessor/agent should try to negotiate about the sales plan. For disputes about the sale of the premises refer to pages 29–30. The lessor/agent must give you an Entry Notice (Form 9) with at least 24 hours notice before each entry. If the selling agent is different from the agent who manages your tenancy, the selling agent must also give your agent a copy of each Entry Notice (Form 9) before entering the premises to show it to a prospective buyer. If you’re on a fixed term agreement the lessor/agent cannot make you leave because they have decided to sell. You can stay until the end of your agreement and the new owner will become the lessor. The new lessor/agent cannot change the terms of your fixed term agreement unless you agree to the changes. You may need to pay rent to your new lessor or their agent – you will need to be notified of this in writing. However, if the premises are marketed for sale during the first two months of the fixed term agreement and you have not received written notice of the proposed sale prior to entering the agreement, you have the option of ending the tenancy by giving a Notice of Intention to Leave (Form 13) with two weeks notice, to the lessor/agent.

×