Fixed-Term vs. Month-to-Month Leases in Alberta – What Every Investor Must Know | Real Estate Investing Canada

Aug 29, 2025

🎧 Fixed-Term vs. Month-to-Month Leases in Alberta – What Every Investor Must Know
Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier

Today’s episode tackles one of the most misunderstood landlord topics in Alberta: fixed-term leases versus month-to-month tenancies. Many investors let leases lapse into month-to-month without realizing the risks, and it can cost them big. Wayne and Gabby break down the differences, share a messy real-life tenant situation, and explain why month-to-month is “the song that never ends” for landlords. If you’re investing in Alberta, this is a must-listen before you hand over your next set of keys.

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🧠 What You'll Learn in This Episode

• Why fixed-term leases protect landlords and month-to-month exposes them to risk

• The common misconceptions about flexibility and control with periodic tenancies

• A real investor’s story about tenant disputes, renovations, and basement access

• What the Residential Tenancies Act really says about rent increases and renewals

• The dangers of auto-deposit rent payments when leases expire

• Why you should never default into month-to-month as an Alberta landlord

• How to properly handle lease termination agreements and security deposits

• The importance of written agreements and clear communication with tenants

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👥 About Your Hosts
Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies.
New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice.

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💡 Resources & Contact
Learn about our Mentorship Program: www.reimasters.ca
Bookkeeping & tax help: www.finngo.com/rei
Submit a question: [e-mail]

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🤝 Thanks to Our Sponsors
🏠 Krystal Kromm – Red Deer Investor-Focused Realtor
📞 [phone]
🔗 Facebook

🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team
🌐 calvinrealty.ca
🔗 Facebook

📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm
🌐 www.finngo.com/rei
🔗 Facebook

💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers
🌐 www.kbmortgages.ca
📧 [e-mail]
🔗 Facebook

🏗️ Calvert Home Mortgage Investment Corporation
📞 403-278-0249
📧 [e-mail]
🆔 FSRAO License Numbers: 13267 and 13268