lease basics
My building was just sold. Does my lease survive?
Yes — leases run with the land in every Canadian province. The new landlord steps into the old landlord's shoes. Your rent, term, deposit, and renewal rights all carry over unchanged. They cannot ask you to sign a new lease at a higher rate just because ownership changed.
What your landlord didn’t say
New owners sometimes try to use the sale as a pretext for "lease renegotiation" or buyout offers — neither is required. Your existing lease is legally binding on them from day one. If they push, point them to your provincial RTA section on assignment of leases.
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PropTrust is a Canadian property data platform. We are not a lender, broker, real estate agent, landlord, or paid advisor. This is information about how the rules work — not advice on your specific situation. For that, talk to a licensed professional.