How much to ask for a lease buy-out?
I've lived in a 7-1/2 in Mile End for 6 years. My place has a garden, parking space, and tons of covered outdoor storage, and my rent is $1330. There are 3 of us living here, and we have 2 home offices.
My landlord wants me to move out so he can sell the building with the apartment empty, and he wants me to come up with a figure that would make it worth it for me to move out. He is also threatening to make things very difficult for me if I refuse. I imagine I would win any case he tried at the Regie, but I've been through that before at a previous place and it ruined my life for 2 years (and in the end I was repossessed anyway).
If I move, I doubt I could find a place like this in this neighbourhood, and if I did, I'd be lucky to be paying less than $500 more per month. I'm not sure I could even afford to rent a smaller apartment at the going rates here, and I'd have to get rid of a lot of my possessions.
I have no idea how to value this monetarily. How much would it be worth for me to move? Does anyone else know of a similar situation in which someone has gotten a buy-out they were happy with? How much was it?
My landlord wants me to move out so he can sell the building with the apartment empty, and he wants me to come up with a figure that would make it worth it for me to move out. He is also threatening to make things very difficult for me if I refuse. I imagine I would win any case he tried at the Regie, but I've been through that before at a previous place and it ruined my life for 2 years (and in the end I was repossessed anyway).
If I move, I doubt I could find a place like this in this neighbourhood, and if I did, I'd be lucky to be paying less than $500 more per month. I'm not sure I could even afford to rent a smaller apartment at the going rates here, and I'd have to get rid of a lot of my possessions.
I have no idea how to value this monetarily. How much would it be worth for me to move? Does anyone else know of a similar situation in which someone has gotten a buy-out they were happy with? How much was it?