The main differences between the old and new contract are that the parties are protected under the Consumer Protection Act, the period of the lease is clearly defined and the notice period works differently.
|Old contract||New contract|
|Communicare is the landlord||goodfind properties will become the landlord|
|Lengthy and tenant unfriendly||Shorter and easier to understand|
|No protection under the Consumer Protection Act||Protection under the Consumer Protection Act|
|Month to month lease||Three year fixed term lease|
|No certainty regarding of the end date of the lease||Certainty regarding period of the lease|
|One calendar month written notice by either party||At any time, the tenant can give 20 business days written notice of cancellation, but penalties will apply. After one year, the tenant can give the landlord three calendar months written notice without any penalties applicable. Likewise, after one year of staying there the landlord could give the tenant three calendar months written notice.|