That is not very clear, to say the least.
I suspect it was written with someone moving a partner in.
That is not very clear, to say the least.
Does that depend on whether it’s a single lease agreement or individual contracts? If it’s a single lease, how can the landlord do that if the tenants don’t want it? Is it not their call as long as the full rent is being paid.Arrange a new tenant yourself, given you have just 2 weeks before 1 March.
Not sure if this helpsI am more concerned about the new rental rules applying than anything else
This always puzzles me.is if all your original tenants leave and are replaced after March 1
In a situation where tenants are constantly updating, I suspect the RTB would want the lease to eventually update to the new rules.Does constant assignments of interest keep the original lease active for ever?
Do they? I don’t think so. Because as each one leaves, the new tenant becomes part of the original letting agreement is my understanding.They do require a new registration when all original ones leave.
This is not up to what the RTB wants. The RTB must abide by the legislation.I suspect the RTB would want the lease to eventually update to the new rules.
Because as each one leaves, the new tenant becomes part of the original letting agreement
The RTB have on this pageDo they? I don’t think so. Because as each one leaves, the new tenant becomes part of the original letting agreement is my understanding.
RTB said:You must also update the tenancy registration when there is a change in rent or other tenancy details. For example, if some tenants change but at least one of the original tenants remain.
Tenancy 1 Jan 2020, John, Mary, MikeThat would mean that constantly replacing the tenants in a shared tenancy would allow a tenancy continue forever, even if none of the original tenants (the ones who signed the lease) remain.
I think it is arguable that the tenancy ends when the last of the "original" tenants leave, so it ends 1 Jan 2024.Are we agreed we are on the same tenancy as 1 Jan 2020 on 1 Jan 2024?
How so? What are you basing that on?I think it is arguable that the tenancy ends when the last of the "original" tenants leave, so it ends 1 Jan 2024
How so? What are you basing that on?
You’re obfuscating . Tenant leaves, new tenant, not guests or licensees. This property has no owner living in it.
What that doesn't address is if all your original tenants leave and are replaced after March 1, but I guess that your original tenancy continues because it started under the old rules.
Landlords (and tenants) should be very clear on the exact status of everyone.
I think the new tenant(s) needs to formally upgrade from licensee to tenant,
But the annual RTB payment system is not a registration of a tenancy. In addition “updating” the tenancy is not a tenancy registration. The former is a money making racket combined with extra work for landlords, the latter is what a landlord has to do when a current tenant is replaced by a new tenant, which crucially does not legally create a new tenancy. Unlike where your tenants leave, and you get new tenants, then you register that new tenancy.was basing it on the RTB website making a point that the landlord can keep updating the registration until all the "original" tenants leave