What must a new owner do after buying a rented property?
Short answer
In Newfoundland and Labrador the tenancy continues after a sale. The new landlord must immediately give the tenant written notice of their name, phone number and address for documents, and of the deposit and interest held (s.7(8)).
The tenancy carries on. Residential Tenancies treats the buyer as the new landlord under the existing rental agreement (Policies 01-002 and 03-004), and the Act provides that a covenant concerning the premises runs with the land (s.9(4)). Where a landlord is replaced by a new landlord, the new landlord must immediately give the tenant written notice of the new landlord's name, telephone number and address where documents may be received or served (and an agent's, if there is one), and of the amount of the security deposit held and the interest credited to the date of the change (s.7(8)). The deposit is held in trust and may be used only as section 14 provides (s.14(8)), so get the deposit and interest figures from the seller. Residential Tenancies says a sale does not let the new landlord give shorter notice of termination; the new landlord is bound by the same terms as the previous one (Policy 03-004).
- Where this comes from
- Section 7(8); Section 9(4); Section 14(8); Residential Tenancies Policy 03-004, Residential Tenancies Act, 2018 (Newfoundland and Labrador)
- Last reviewed