When to use it
An N12 applies when the landlord, a buyer, or a specified family member (or a caregiver) intends to move into the unit. It requires at least 60 days' notice ending on the last day of a rental period.
Compensation rules
For an N12 you generally must compensate the tenant one month's rent (or offer another acceptable unit). The person named must genuinely intend to occupy the unit for at least a year — bad-faith N12s can lead to large penalties. Confirm current requirements on the LTB site.
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