The buyer of a five-unit building closed on May 1, 2026. One tenant's rent was last increased on February 1, 2026. The buyer wants to raise that tenant's rent on August 1, 2026, saying a new owner can reset rents. Is this allowed?
Correct Answer
B) No; the earliest lawful increase date is February 1, 2027
Section 119 allows an increase only if at least 12 months have passed since the tenant's last increase in that unit. The last increase was February 1, 2026, so the earliest date is February 1, 2027. A sale does not start a new tenancy, because the covenants run with the land (s. 18).
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The seller of a condominium unit got board approval and signed a registered s. 98 agreement with the corporation to install a hot tub on her exclusive-use terrace, taking on its repair and insurance costs. How does that agreement affect the buyer?