However, the rebate only extends to buyers who acquire properties as the primary place of residence for themselves or a relation. Finally, selling tenanted condo units after condo registration is no simple task, despite recent legislative changes. Under the Tenant Protection Act, a sale is now grounds to terminate a lease. However, notice terminating the tenancy can't be served until an offer to sell has been accepted. At least 60 days written notice must be given, effective at the end of a rental period.
Different rules apply if a tenant lived in the unit before the condo was registered.
Notice of termination can't be served on the tenant, even if an Agreement of Purchase and Sale is signed. Paperless registration of deeds and mortgages is now on Toronto's doorstep, as Peel Region went live Oct. 25. Peel is the fourth area with electronic registrations, following Middlesex, Halton and Hamilton-Wentworth. You can in our Columnist newsgroup. Join the discussion now .