I’ve Been Informed Management Has Cancelled By My Suite Owner - What Does This Mean?
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Review below to learn more about what this means when it comes to your lease.
What This Means
Each suite is privately owned by a unique person or entity. Sage Living does not own a single condo within the Sage Living portfolio, rather, our office will complete agreements with Suite Owners to represent their rental needs / goals.
There is then a private management agreement held between the Sage Living office and the Suite Owner.
Suite Owners have the ability to cancel services with Sage Living. This can occur for several different reasons, but most common reasons would include: the Owner would like to sell the property, the Owner would like to occupy the property, the Owner would like to save on fees and reduce the cost of managing the suite / intends to manage the suite themselves.
The Lease Agreement
Rest assured the Owner’s cancellation of service with Sage Living does not directly or immediately impact the lease agreement. The agreement the Suite Owner holds between themselves and our office is separate to the lease agreement they hold between themselves and their Tenant (you).
This means that the termination of the management services does not terminate the lease agreement in place.
However, this can mean that the Suite Owner may soon intend to approach or negotiate the removal or cancellation of the lease agreement between themselves and the Tenant soon after they terminate services with Sage Living. Such discussions of terminating a lease would not include the involvement of Sage Living, but would occur within private discussions between the Suite Owner and their Tenant.
Paying Monthly Rent
Monthly rent will no longer be performed by the Sage Living office.
We encourage you to please contact your Suite Owner to determine the best way to complete rent collection on a monthly basis.
Requesting Work Orders
Your Suite Owner has cancelled management service with Sage Living. This means all maintenance coordination for the suite must be requested by the Tenant directly to the Suite Owner.
When needed, please contact the Suite Owner to request assistance.
The Suite Owner will then review the request and either provide feedback or, if needed, coordinate assistance with a contractor or trade of they're choosing without the assistance of Sage Living.
Suite Inspections
Suite inspections can now be coordinated / requested directly by the Suite Owner.
The Suite Owner may provide notice via email or similar to yourself directly. The Owner must adhere to all rules and regulations of the Residential Tenancies Act when requesting / scheduling inspections or viewings of the suite.
The Suite Owner must provide a reason for the inspection. This may include:
- cleanliness inspection
- damage inspection
- occupancy inspection
- viewing for sales
Other inspection / viewing types may be provided, but those listed above are the most common.
Owners must provide their Tenants with minimum 24 hour notice prior to entry. A tenant may choose to permit a viewing with less notice time should they so choose.
Lease Renewals / Terminations
Reminder - the terms and conditions of the lease agreement remain the same. This includes all lease renewal / termination clauses within the agreement.
Many lease agreements will include an auto-continuation clause within the agreement. Most leases will include terms where the Tenant must provide an approx 8-month termination notice no later than December 15th.
We encourage all Tenants review their lease agreements so they are knowledgable of these terms and conditions. It is the Tenant's responsibility to communicate their intent to terminate the lease agreement. This communication must now be sent by the Tenant to the Suite Owner.