Notice of termination by lessor who has entered into contract of sale
63 Notice of termination by lessor who has entered into contract of sale
A lessor may give notice of termination of a residential tenancy agreement to the tenant on the ground that the lessor has entered into a contract for the sale of the premises to which the agreement relates and under that contract the lessor is required to give vacant possession of the premises.
Where a lessor gives notice of termination under subsection (1) the period of notice must be not less than 30 days before the day on which the tenant is required under the notice to give to the lessor possession of the premises.
A lessor, or a property manager acting on behalf of the lessor, must not give notice of termination under this section that the person knows is false or misleading in a material particular.
Penalty for this subsection: a fine of $10 000.
This section does not apply to a residential tenancy agreement that creates a tenancy for a fixed term during the currency of that term.
[Section 63 inserted: No. 60 of 2011 s. 63; amended: No. 3 of 2019 s. 25.]
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