View Single Post
Old 08-23-2017, 02:16 PM   #13
OMG!WTF!
Franchise Player
 
Join Date: Oct 2014
Exp:
Default

Quote:
Originally Posted by llwhiteoutll View Post
It really boils down to a tenancy issue. The tenants were told with 2.5 years notice that they would have to vacate, they were informed of a compensation structure and have had ample time to challenge the city in court. Since a court hasn't ruled on it, it would seem that the letter saying that East Hills would be opened before Midfield has no binding impact on the city. Everyone there have always known that they don't own the land and are renters, the end of a lease, especially with so much notice, should not be a shock.

It is not, and should not be, a landlords responsibility to find another rental property for tenants whose leases are ending. Essentially if finding them a place means entering into a money losing venture. If trailer parks were profitable, private development would be taking place.
Trailer parks are exceptionally profitable. It costs $1250 to rent a lot at the RedCarpet, there are 347 lots there and it's in Penbrooke. The problem is that in larger cities there are higher and better uses for land. In BC trailers on rented land cost upwards of 200k simply because they exist close to where people want to be.

And it is a little unfair to say "It is not, and should not be, a landlords responsibility to find another rental property for tenants whose leases are ending" when that landlord is collecting property taxes from you for forty years.

Last edited by OMG!WTF!; 08-23-2017 at 02:26 PM.
OMG!WTF! is offline   Reply With Quote
The Following 3 Users Say Thank You to OMG!WTF! For This Useful Post: