J and I moved into our apartment in May of last year. We met up with our landlords days before that and paid them a year's worth of cheques. We did not sign a lease.
About 2-3 weeks ago a man came over and told J that our landlords have not been paying their bills and unless they pay within the next 24 hours that our place will then be owned by the bank.
Well it seems as though they did not pay because last Wednesday a man came to our house to inform us of the changes. He said that the house is now owned by a branch of Scotiabank. We were told to cancel our cheques to our landlords and issue new ones to Veranova. A woman called last week to ask a bunch of questions (appliances in the house, amount we pay each month, what utilities are covered, asked about water and heat, pets, etc).
The man returned on Friday to change our locks and take pictures of every room in the apartment, he told us to call them if we see the former landlords ever on the property or trying to take any of their items.....yikes!
Anyway the good news is that we are still allowed to live here. The house will go into foreclosure soon and then the bank will try to sell the house. If someone buys the house we still get 60 days to stay if they want us gone. However because we live in an apartment attached to the house they may even want the extra income of tenants and allow us to continue on in our agreement and stay as well.
The first thing J said to the man when he told us all this was "we still have two and a half years left on our internet contract!"
Before J and I started dating we both joked that we were going to live here forever because we liked it so much. We even joked that we would raise our families here in the two separate bedrooms. I really hope that things work out and we can stay!