Previous Owner Skeletons.

In a recent purchase of an Alberta fourplex, our client took over existing tenants. There was one utility service and utilities were apportioned between the tenants. The arrangement was that tenants would pay their rent plus an estimated portion of utilities. At the end of the year, the landlord would add up the actual utilities and either refund money or collect extra money from each tenant.

When our client took over, one particular tenant was on a month-to-month tenancy. It became immediately apparent that she was “one of those tenants!!” Continue reading →