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Tuesday, February 2, 2010

Landlord Series - Notice of Termination (Part 1)

The Landlord Series are various tips to help the owner of a rental property become a better and more informed landlord.

In this series we explain the Notice of Termination (Part 1).

A Notice of Termination, commonly called an Eviction Notice, is defined as "a written notice by a landlord to end a tenancy."
There are many reasons for serving a Notice of Termination, including the following:
  • Non payment of rent
  • by a Condominium Corporation
  • A caretaker/employee
  • Compensation for moving expenses
  • Landlord needing rental unit for own use
  • Landlord selling rental unit
  • Tenant not meeting obligation (other than non-payment of rent)
  • Notice by Mortagee
  • Notice by tenant - Fixed term tenancy agreement
  • Notice by tenant - month to month tenancy agreement
  • Notice by tenant - tenant accepted into personal care home
  • Notice by mobile home park owner for non-payment of municpal license fees or taxes

As you can see, there are many, many ways to terminate a lease. During future posts, we will outline each one to give landlords and tenants a better understanding of the processes in which a tenancy agreement can be terminated.

Got questions? Email us at owners@garamark.net

Garamark Property Management is located in Winnipeg, Manitoba and successfully balances protecting the investment of an owner while retaining happy tenants.

www.garamarkpropertymanagement.ca

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