A new study says that rental housing supply will continue to diminish and vacancy rates will drop further unless at least 6,250 additional new rental units are built each year for the next decade in addition to new development.
There are many factors to take into consideration when renting out a spare room or an unoccupied residence. In order to find reliable tenants, they must go beyond just listing their property and hoping for the best.
The American court found that the insurance company's duty to defend the corporation did not include an obligation to proceed with a counterclaim. It would be up to the corporation to bring its own claim.
The Gross Revenue Reports clause alleviates the landlord’s concern that the tenant is “cooking the books” so as to avoid paying percentage rent. Without this clause, unethical tenants would be free to under-report gross revenue.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.