Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Do I need to deliver a two-family vacant when I sell?

No. Saskatchewan law does not require a seller to hand over a two-family home vacant. Possession condition, whether the units arrive empty or with tenants in place, is a term the parties negotiate in the contract and a Saskatchewan lawyer confirms at closing, not a default either way.

An owner-occupier buyer usually wants vacant possession so they can move into one side, while an investor buyer often prefers the building occupied because paying tenants under The Residential Tenancies Act, 2006 continue with the sale and start producing rent from day one. Which buyer you are marketing to should decide which condition you offer.

If tenants are staying, the leases, deposits and rent roll transfer with the property and a buyer's lender will want them documented. If the home is going vacant, factor in the carrying costs, utilities, insurance and possible vacancy, between the last tenant moving out and possession day, since an empty unit for even a few weeks changes the seller's net.

Buyers in a two-family home also weigh whether the second unit is legally suited, and public records rarely show additions made without a permit. Joel Dyck's hand-reviewed valuation checks what the City of Saskatoon has on file against what was actually built, so the price reflects the real building either way.

Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

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