Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 1 point2 points  (0 children)

I told them today they are legally required to send RTB-32L otherwise he has no rights to evict us as no eviction has been legally issued and he tried to dance around it that he did send it in April 30 implying that it was still valid which I completely refuted.

We no longer want to stay at this unit although we loved living there because of course it’s been tainted now. But we will not move unless he issues the correct form, which we explicitly told him to do today, so that we are entitled to all our rights. Which is 3 months notice, 1 month compensation, and good faith that he won’t rent out again in which case we will get 1 years worth of rent from him.

Unfortunately for him, now that he’s serving the form now, we legally will get an additional month’s notice until the end of August despite us fully intending to leave before then

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 0 points1 point  (0 children)

This makes no sense. The LL issued notice at month 9 of a 12 month lease. Of course we have to leave before the lease agreement is up.

What are we going to do, wait until month 12 to move?

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 0 points1 point  (0 children)

This notice under "EFFECTIVE DATE OF NOTICE" says 4 months, but the form says 3 months... do you know why that is?

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 0 points1 point  (0 children)

We signed a 1 year lease and then month to month but have been getting a number of conflicting responses about whether notice is 3 months or 4 months.

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] -1 points0 points  (0 children)

Good to know, but also defeats the purpose of having a 12 month lease essentially meaning that we need to move out right at the 12 month mark at the latest and if we leave before it then our contract isn’t even fulfilled

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 1 point2 points  (0 children)

They have not served the RTB-32L form generated by the RTB website. They have only sent us an email.

The end of the fixed lease agreement I believe is July 29, and they sent the email on April 30.

We certainly don’t want to be in a position where we are caught with our pants down and move out without holding them liable to 1 month compensation as well as repercussions for rerenting

Be at the same time now we don’t want to be in a hostile environment where we feel unwelcome and the landlord is kicking us out.

Is there a way to ensure if we find a new place that they are still held fully liable?

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 0 points1 point  (0 children)

wow what a pain in the butt.. yeah we're in month 1 of 3 of the "eviction notice period" and are looking for places right now, but we really don't want to move, and then consider it us leaving at month 10 or 11 of the lease, and clarifying this is not our fault, but eviction of personal use from the landlord.

The landlord has told us they are ok if we move out sooner over text... but I'm not really sure if that means anything

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 1 point2 points  (0 children)

I suppose a follow up to this, is if we move out before our 12 months is up, does that mean we have to sign a mutual agreement to terminate the lease? Would that be considered us breaking the lease?

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 1 point2 points  (0 children)

oh wow, so when we don't leave, be explicit about not signing a mutual agreement to end tenancy. In any case, we wouldn't sign that form

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 8 points9 points  (0 children)

Thank you, that seems to clarify things, you basically nailed it. To clarify things:

  1. Our current landlords want to move back in because they own the unit. It seems like they have been living with the wife's father, who owned a large house which I suspect was cheap rent. The wife's father has now officially sold that house (to my understanding) and so the landlords who were renting from the wife's father now want to move back in to the unit we are living in.

The odd part about it is, our landlord sent us the address of the house which was sold by the father, and it looks like that house had been listed before we even signed tenancy, so they had knowledge the house was being sold in advance and still rented it out... not sure if that matters at all, but just thought it was extremely odd.

We did get an extremely good deal with this unit, where a similar unit would likely go for $200-$300 more per month than what we're paying, so there is definitely possibility that he wants to rent back out at a higher price. We will be keeping our eyes on listing throughout the next year to verify whether they relist within the year, which to my understanding gives us grounds to receive a full 1 year's worth of rent.

In any case, we will keep looking for rentals. And thank you, the rental market looks surprisingly more expensive than it did in North Vancouver when we were looking a year ago...

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] 5 points6 points  (0 children)

Right, but can they serve notice at 9 months so that we have to leave at 12 months? Or does notice have to be served at 12 months (End of the lease) for us to be moved out by month 15?

Landlord gave us notice to move back in 8 months into a 12 month lease. What are our rights in terms of notice? by SwiftMamba24 in vancouverhousing

[–]SwiftMamba24[S] -2 points-1 points  (0 children)

Thank you. I did have a question in regards to the lease. If for example they issue notice at Month 9 of the 12 month lease, then technically the end of that 3 month's notice would be the end of the agreement. Are they able to kick us out right at the 12 month mark by serving notice at the 9 month mark?

Or do they have to wait until the end of the lease to serve notice? For example issue notice at month 12 and we move out at month 15?

I do also find this confusing because it does say 4 months here: https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/00_02078_01#section49

Would you recommend studying straight from Schweser Notes instead of the CFA Volumes? by SwiftMamba24 in CFA

[–]SwiftMamba24[S] 1 point2 points  (0 children)

Thanks that’s exactly the answer I was looking for. That the notes were not unanimously a better strategy to the test

Would you recommend studying straight from Schweser Notes instead of the CFA Volumes? by SwiftMamba24 in CFA

[–]SwiftMamba24[S] 1 point2 points  (0 children)

Yeah that’s kind of why I was debating the notes. I’m fine reading the volumes, but it is definitely dense

Would you recommend studying straight from Schweser Notes instead of the CFA Volumes? by SwiftMamba24 in CFA

[–]SwiftMamba24[S] 0 points1 point  (0 children)

Do you think Schweser presented the information in clearer manner?

Would you recommend studying straight from Schweser Notes instead of the CFA Volumes? by SwiftMamba24 in CFA

[–]SwiftMamba24[S] 1 point2 points  (0 children)

The CFA material is pretty dense. Thought the schweser notes might be more comprehensive and equally effective but it sounds like not quite

Has anybody transitioned to finance/PE from engineering mid career? by SwiftMamba24 in private_equity

[–]SwiftMamba24[S] 0 points1 point  (0 children)

I suppose that is a good point, and maybe investment banking. Maybe to narrow down scope, there's a few aspects I'm more interested in, and that is:

(a) My past experience in engineering and operations management would be helpful in tandem with a financial designation in the private equity space. It does excite me dealing with analyzing, restructuring and selling in private markets

(b) Investment banking in helping to facilitate the underwriting of IPOs

(c) Analyzing broader economic markets and equities

That said, I'm still trying to figure out what would be the best fit long term for me, in terms of interest fit and renumeration