Changes coming to Nova Scotia's Landlord Tenancy Act
Upcoming revisions to the Residential Tenancies Act will, on the whole, benefit both landlords and tenants, says an executive with the region`s biggest landlord.
But some changes, notably the removal of a five-year tenure period for tenants, `may be short-sighted and, in fact, may hurt more tenants than it helps,` says Jeremy Jackson, a vice-president at Killam Properties Inc., and president of the Investment Property Owners Association of Nova Scotia.
The legislation to amend the Act, Bill 119, was passed by the Nova Scotia Legislature in December 2010, but those changes will officially take effect on Nov. 15.
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