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What tenants need to know about buying out their rental

Author: External Author | | Categories: First-Time Home Buyer Mortgage , Mortgage Broker Services

I live in an apartment in a big home in Toronto. We have built a nice little community in this house and, as the landlord is getting older, most of us have “adopted” him as an uncle/grandfather. He doesn’t want the responsibility of looking after the house anymore and would like to see the home stay in our “family”—so is amenable to selling the home to us and another of the tenants. 

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Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:  JASON HEATH

Original Article Posted on:  JUNE 14, 2021

Link to Original Article:  https://www.moneysense.ca/columns/ask-a-planner/what-tenants-need-to-know-about-buying-out-their-rental/


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