New Brunswick renting guide

If your landlord sells the place in New Brunswick

A sale does not end your tenancy. Your lease stays exactly the same and the new owner becomes your landlord, so you do not have to move just because the place is sold.

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What happens to my lease if the landlord sells the place in New Brunswick?

For tenants

When the property is sold, your lease carries over unchanged and the buyer becomes your landlord. You keep the same rent and terms, you just pay the new owner. The seller has to give you and the Office a notice of the transfer. A buyer who wants to live in the unit themselves cannot just remove you, they have to give proper notice on the landlord-occupancy ground, usually three months. For showings to buyers, you still get at least 24 hours written notice.

For landlords

Selling does not end your tenants' leases, the buyer takes them over and must honour every term. Serve a Notice of Transfer (Form 8) on the tenant and the Office within seven days, and make sure the security deposits are sorted with the Office. If the buyer wants the unit for themselves, they end the tenancy on the occupancy ground with the required notice once they own it.

The key facts

Does a sale end my lease?: No, it carries over
New owner: Becomes your landlord, same terms
Buyer wants to move in: Needs proper notice (about 3 months)
Showings to buyers: 24 hours' written notice

Common questions

My landlord is selling. Do I have to move out?

No. A sale does not end your tenancy. Your lease stays the same and the new owner becomes your landlord on the same terms. If the buyer wants to live in the unit, they have to give you proper notice on the landlord-occupancy ground, they cannot just put you out.