Selling Tenant-Occupied Properties (STOP)
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Selling Tenant-Occupied Properties (STOP)

6 PDP Credits – 3/4 day

Frequently, landlord and tenant conflicts have sparked the media spotlight, often highlighting the abusive treatment tenants have received from their landlords. One rarely, if ever, reads newspaper stories describing the abusive behaviour that some tenants have shown landlords, particularly when the property is listed for sale.

This course is designed to help all REALTORS® navigate through the potentially stormy waters one can encounter when selling a rental property. It will encourage improved risk management procedures and property management strategies. In the end, this course will serve as a sailor’s compass to help steer REALTORS®, tenants, buyers, and sellers through the listing, marketing, and sales process.

By the end of this course, the learner will be able to:

  • explain the listing process and the potential additional expenses and loss of revenue to sellers;
  • describe the legal requirements when showing properties;
  • describe when to use the correct standard Contract of Purchase and Sale tenancy clauses;
  • describe the correct notice procedures and timelines under the Residential Tenancy Act;
  • identify the balance between the tenant's right to quiet enjoyment and the owner's right to access;
  • list the various pitfalls facing buyers with possession dates and the assumption of an existing tenancy;
  • identify the differences between the services provided under a trading service licence and a rental property management licence; and
  • explain how the Real Estate Services Act and the Residential Tenancy Act dictate a REALTOR®’s actions and responsibilities.

Instructors:

Contact your local member board for course availability and registration.