🚨 Thinking About Serving an N12? READ THIS FIRST! 🚨 Did you know that giving a tenant an N12 Notice (for personal use, family, or caregiver moving in) comes with serious rules & consequences? 👀 ✅ The notice must be filed with the Landlord and Tenant Board (LTB) ✅ It’s now valid for 2 years (used to be 1) ✅ If the tenant finds out it was filed in bad faith, they can file a T5 claim 📝 💰 The penalty? Compensation remedies of up to $35,000… and starting October 1, 2025, that amount jumps to $50,000! 💥 👉 This means landlords MUST act in good faith, or risk massive fines and legal headaches. ⚖️ Whether you’re a landlord or a tenant, understanding your rights is critical. 📲 Want to protect yourself? Follow us for more real estate insights, legal updates, and tips that could save you thousands. Don’t risk it—knowledge is power! #RealEstateTips #LandlordAdvice #TenantRights #OntarioRealEstate #LTB #N12 #RealEstateCanada #PropertyInvesting #RentalProperty #LegalTips