What happens to a renter when the apt goes en-block?

[Renter]

If you have taken a condo on rent and the whole block decides to go for en-block sale, what happens to the remaining rental term? Do you have to just vacate? If that is the case, then perhaps one should be wary of renting units in buildings that may go en-block, right?

[Seen it all before]

Here's what happens nowadays.  It was a bit different in the days of enbloc frenzy.

Residents decide to go enbloc
Get 80% of owners to agree
Owners set a price
Price is unrealistic
Nobody interested in buying.
Enbloc falls through

Moral of the story - you probably have nothing to worry about.

[P.O.D.]

If you have taken a condo on rent and the whole block decides to go for en-block sale, what happens to the remaining rental term? Do you have to just vacate? If that is the case, then perhaps one should be wary of renting units in buildings that may go en-block, right?

Don't worry Mr Agent.
It will not happen in our lifetime. Are you watching inflation and unemployment rising?

[Here]

On average, you may have up to 2 years before the deal and paper work is finalized.  As soon as it's confirmed, observe how many neighbours are moving out.  You don't want to be the last few to move out as it can be quite spooky being alone in a near empty condo.

[Enbloc unblocked]

You often hear stories of how en-blocers become instant millionaires. Even as high as $20 million each.

BUT, there are cases where people sold and got caught out as market prices increased ridiculously and ended up trading down - rare as they are.

Totally irrelevant to OP's story but thought it was a point.

[In our contract]

there is a clause "enblock re-develpopment". Three months notice from the landlord and the deposit has to be returned.