The recent ordeal faced by Patrick Lecours has shed light on an alarming issue in the real estate market. Lecours had reached an agreement to sell his home in the Glebe, but he now finds himself in a predicament as the tenants occupying the property have refused to leave.
Lecours had diligently followed the rules outlined in the Landlord and Tenant Act, providing the renters with more than 60 days’ notice to vacate the premises. To sweeten the deal, he had even offered them a substantial sum of $10,000 and a moving truck. However, the tenants rejected the offer, demanding a more substantial incentive.
This situation has left Lecours with limited options. His only recourse now is to seek assistance from the Landlord and Tenant Board. However, the backlog of cases means that Lecours will not be able to secure a hearing until April 2024. Unfortunately, this delay is not uncommon, as many individuals find themselves waiting for six to eight months for their cases to be heard.
The financial burden on Lecours continues to mount. To prevent the buyers from walking away from the deal, he had to lower the price by $15,000. Moreover, he had to refinance his mortgage at a significantly higher interest rate, resulting in additional costs of $40,000 in accruing interest payments. This situation has placed immense strain on Lecours both personally and financially.
The buyers of Lecours’ property, a young family, are also caught in a state of uncertainty. Having sold their own home and expecting to move into their new residence, they now find themselves in interim accommodation, unaware of when they will be able to settle into their new home.
It is crucial for all parties involved to understand the gravity of the situation. By refusing to vacate the property, the tenants are not only causing distress to Lecours but also impeding the rights of the new homeowners who are eager to start their lives in their new abode.
Q: Can tenants refuse to leave a property even after being given notice?
A: Unfortunately, tenants can refuse to vacate a property, leading to a complicated legal process for the landlord to regain possession.
Q: What options do landlords have when tenants refuse to leave?
A: Landlords have the option to seek assistance from the Landlord and Tenant Board to navigate the legal process and regain possession of their property.
Q: How long does it typically take to get a hearing at the Landlord and Tenant Board?
A: Due to a backlog of cases, it can take several months, sometimes up to a year, to secure a hearing at the Landlord and Tenant Board.
Q: What are the financial implications for landlords in such situations?
A: Landlords may face financial burdens such as having to lower the sale price, refinance at higher interest rates, and incur additional costs while waiting for the resolution of their case.
Q: How does this situation affect the buyers of the property?
A: Buyers may find themselves in a state of uncertainty and needing to secure interim accommodation while awaiting the outcome of the legal proceedings.