📢 Bill 60 Has Passed — Here’s What It Means for Ontario Landlords: The Residential Tenancies Act (RTA) just got an overhaul. Here’s what you need to know: ✅ 1. Faster Evictions N4 notice termination period reduced — get to the LTB quicker. ✅ 2. “Late Payment” Now Defined Chronic late rent could now lead to legal termination once regulations are in place. ✅ 3. N12 Compensation Exception No compensation needed if buyer/landlord moves in and gives at least 120 days’ notice at the end of the lease.