I believe it would fall under the law governing a new owner. They would buy the lease, but could break the lease under the terms of the agreement. You should get the same period of time given under the lease
from
http://www.slsedmonton.com/civil/lan...ord-obligation
Quote:
8. New Landlords
A new landlord who buys property already rented to a tenant has all the rights and obligations of the old landlord. The new landlord must accept the original tenancy agreements and can only change the tenancy agreements when the original agreements expire or by agreement with the tenants. Furthermore, the Residential Tenancies Act requires a new landlord to serve the tenant with a notice of landlord and a record of the security deposit amount including applicable interest accrued. The new landlord is responsible for refunding security deposits.
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