Buying a Tenanted Property: What are the pros & cons? Is it better to buy vacant or occupied rental

Are you considering buying a property that already has tenants? In this essential guide, Kevin Breitner and legal expert Rob Di Lisi from Stonegate Legal Services break down everything you need to know about purchasing a tenanted property in Ontario. Key topics covered: Can you raise rent immediately after purchasing? The truth about evicting existing tenants Legal requirements for personal use (N12) notices Critical clauses to include in your purchase agreement Important documents you need when buying tenanted properties Understanding security of tenure and tenant rights Featured Experts: Kevin Breitner - Real Estate Professional Robert Di Lisi - Paralegal, Stonegate Legal Services Whether you're a first-time investor or an experienced landlord, this video provides crucial information to help you navigate the complexities of buying properties with existing tenants in Ontario. Learn about the legal requirements, potential timeline challenges, and essential due diligence steps before making your purchase. CHAPTERS: 0:00 - Introduction 0:51 - Can You Raise the Rent? 3:15 - Options for Ending Tenancy 4:36 - Personal Use (N12) Requirements 6:08 - Closing Date Considerations 7:03 - Purchase Agreement Clauses 9:07 - Essential Due Diligence Documents For more, contact Kevin at https://cresi.ca or visit our Facebook page at https://www.facebook.com/CRESIRealestate/ Contact Rob Di Lisi via Stonegate Legal Services - https://stonegatelegalservices.ca/ or 416-937-2766 Please remember to subscribe, like and leave a comment!