Your responsibilities to the current tenants when buying or selling a rental property
Landlords do not have to inform their tenants if they intend to sell, however, it is common courtesy to share this information.
A notice of transfer is mandatory when selling a property that has tenants. The notice must be completed by the seller and served to both the tenant and the Tenant and Landlord Relations Office within 7 days of the transfer of ownership.
Send printed or digital copies of completed forms to the Tenant and Landlord Relations Office by email to [email protected], by fax at 1-855-658-3096, by mail to PO Box 5001, Moncton, NB, E1C 8R3, or bring it to a Service New Brunswick service centre.
If you want to enter a rental unit to show it to prospective buyers, or to carry out an inspection, you must give the tenant at least 24 hours' notice
You must let the tenant know if your realtor will be putting a lock box on the door to access it for viewings. Each time you want to enter the rental unit, you must provide the tenant with 24 hours' notice.
The Tenant and Landlord Relations Office will transfer all security deposits on file to the new owner. A Certificate of Deposit for each tenant will be provided to the landlord by mail.
If you have collected security deposits, you must submit them to the Tenant and Landlord Relations Office if you haven’t done so already. The security deposits can be submitted at any Service New Brunswick service centre or by mail to:
Tenant and Landlord Relations Office
PO Box 5001
Moncton, NB
E1C 8R3
It's important to end a lease the right way. First you need to know the terms and conditions of the lease agreement with the current tenants. Next you must provide them with proper written notice. To learn more: