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Will I Have to Move Once the Sale is Complete?

If you have any concerns, please send us a message. We can post general answers without identifying the owner with the question if you send it privately to the admin.

Here is our start to answer owners concerns...

WILL I HAVE TO MOVE ONCE THE SALE IS COMPLETE?

Moving is always stressful. Particularly when an owner is a long-time resident and is perhaps elderly, the idea of moving can seem overwhelming.

Several older owners are concerned that if they sign a listing agreement with Klein Group that when the property is assembled and sold, they will have to move right away.

GOOD NEWS! You will not have to move out when the sale completes. Each owner will have the option to negotiate a discounted rent-back period so they can stay in their unit after the closing whether it is for as little as a month or as long as a year.

For those resident wishing to stay longer, Klein will negotiate an extended term lease with the buyer. Because the development approval process in Vancouver takes several years, it is likely that residents will be able to remain in their units for some or all of those several years after closing. The buyer will not want to have an empty building and will likely encourage renters during their application process.

MORE GOOD NEWS! If you do sell and lease back your unit, you will also eliminate any risk of maintenance assessments for our 40+ year old building! Ongoing maintenance will be the responsibility of the new owners.

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