Tenants and landlords may terminate a rental agreement for a variety of reasons, such as: the agreement was breached the tenant found another place to live the landlord wants to end the tenancy for a prescribed reason.

Ending a fixed term

A fixed term tenancy ends on the day specified in the rental agreement, unless both parties agree to an early termination. For example, if the fixed term is from January 1 to December 31, the tenancy automatically ends on December 31. Unless the tenant and landlord make other arrangements, the tenant has to move out by noon on December 31.

The landlord or tenant does not need to give notice to end a fixed term tenancy. It is courteous if the landlord or tenant provides a reminder before the end of the tenancy agreement.

Ending a periodic term

A landlord may end a periodic tenancy if:

• the landlord or a relative of the landlord wants to move in - ‘relative’ includes any relative by blood, marriage, adoption or adult interdependent relationship
   
• the landlord agrees to sell the rental premises, all conditions of the sales agreement have been satisfied or waived and the buyer or a relative of the buyer wants to move in
   
• the buyer must ask the landlord in writing to give the tenant a notice to end the tenancy
   
• the landlord intends to demolish the rental premises
   
• the rental premises are a detached or semi-detached dwelling or one condominium unit and the landlord agrees to sell the rental premises and all conditions of the sales agreement have been satisfied or waived
   
• in these cases, the buyer must ask the landlord in writing to give the tenant a notice to end the tenancy
   
• neither the buyer nor the buyer’s relatives have to occupy the rental premises
   
• the landlord is an educational institution, and the tenant was a student at the beginning of the tenancy but is no longer a student
   
• the landlord intends to use or rent the rental premises for a non-residential purpose
   
• If a landlord intends to do major renovations that require the rental premises to be vacant or the landlord intends to convert the premises to a condo unit, the landlord must give the tenant one year’s notice to terminate the periodic tenancy. Major renovations do not include painting, replacing floor coverings, or routine maintenance.

All the infomation published in this blog is from the Alberta Governments site https://www.alberta.ca/ending-rental-agreement.aspx

Source

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Attached goods refer to items that are physically attached to the property and cannot be removed without causing damage, such as pipes, screws, bolts, or nails. These goods remain with the property unless there is a specific exclusion in the listing agreement or in the buyer's offer to purchase.

Examples of attached goods include:

• Garburators
• Water softeners
• Kitchen cabinets
• Built-in appliances
• Central vacuum systems
• Garage door openers

 
On the other hand, unattached goods are movable items that sellers typically remove from the property before the buyer takes possession.

Examples of unattached goods include:

• Wall art,
• Area rugs,
• Drapes hooked on curtain rods,
• Attachments for central vacuum systems,
• Remotes for a garage door opener,
• Movable kitchen islands.

Attached goods are typically included with the property, while unattached goods are not.

In cases where it is not clear whether an item is attached or unattached, such as a wall-mounted TV, which is attached to the property through the wall mount but is not attached to the wall mount itself, specific inclusions or exclusions in the listing agreement or buyer's offer to purchase must be consulted. If a buyer wants an unattached good included in the purchase of the property, such as the garage door opener or attachments for the central vacuum system, they need to list it as an inclusion in their offer to purchase. If a seller plans to take an unattached good, they need to put that in a counteroffer to the buyer. In commercial transactions, everything other than the four walls is typically considered unattached and should be specified in a purchase contract.

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Quick Fact: Upgrading your kitchen and bathrooms is a smart investment when selling your Calgary home, as it can significantly increase its resale value!

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Quick Fact: Did you know that Calgary's real estate market has been experiencing a steady increase in demand, making it a great time to sell?

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Are you a Calgary home seller? Are you wondering what other sellers are struggling with? Here are three common concerns that Calgary home sellers are currently facing:

Pricing and Market Conditions: Home sellers in Calgary are often concerned about setting the right price for their property and understanding the current market conditions. They want to ensure that they receive a fair value for their home and stay competitive in a dynamic real estate market.

Timing and Speed of Sale: Another concern is how quickly they can sell their homes. Sellers often have specific timelines and financial obligations associated with their home sale, such as purchasing a new property or relocating. They want to minimize the time their property spends on the market and secure a timely sale.

Marketing and Exposure: Many home sellers worry about effectively marketing their properties and attracting qualified buyers. They seek strategies and platforms that can help them reach a wide audience, showcase their home's unique features, and increase visibility in a competitive market.

Take the first step towards a successful home sale in Calgary. I understand the concerns you may have about pricing, timing, and marketing. I'm here to help you navigate the dynamic real estate market with confidence.

Contact me today for a personalized consultation, where I'll provide you with valuable insights, market analysis, and effective strategies tailored to your specific needs. Don't let these concerns hold you back – let's work together to achieve your home selling goals.

Call now or visit my website to get started.

Jason Streich⁠
Greater Calgary Real Estate⁠
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jason@jasonstreich.com⁠

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Inflation typically means that the overall cost of goods and services in an economy is increasing. In the real estate market, this can lead to higher home prices as the cost of building materials, labor, and other expenses associated with buying and selling homes increases.

Additionally, if inflation is coupled with a strong economy, demand for housing may also increase, further driving up prices. However, it's important to note that inflation alone does not determine real estate prices, it is a complex market that is influenced by various factors.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca

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Source: What Does Inflation Mean For A Real Estate Market? | Greater Calgary Real Estate | Jan 27th, 2023

The real estate market can be significantly impacted by interest rates. When they’re low, it’s more affordable to borrow money to purchase a home which increases the demand and raises prices. When interest rates are high, it’s more difficult and less affordable to purchase a home which decreases demand and lowers prices.

Any change in interest rates can impact existing mortgage and the value of homes. They are crucial in understanding the overall health of the real estate market. If you have any questions about buying or selling, connect anytime! It would be a privilege to serve as your Realtor.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca

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Source: How Do Interest Rates Affect Our Real Estate Market | Greater Calgary Real Estate | Jan 27^th, 2023

This month I am sharing a list of some of the more common terms you may hear regarding real estate transactions. If you have any questions on these or any other real estate-related concerns, please feel free to reach out to me. I’ll be happy to help you out!

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jstriech@shaw.ca⁠