Tags Posts tagged with "renting"

renting

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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.

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While homeowners and millennials are becoming more aware about rent-to-own opportunities, it seems real estate agents aren’t following suit.

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A homeowner who stops paying mortgage payments is likely to experience swifter eviction and longer damaging financial repercussions than a renter who stops paying rent.

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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.

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The subordination clause is very important to lenders because it states that any leases signed by the landlord will always be lower in priority to any existing or future mortgages on the property.

RECO warns public about former broker

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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.

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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.

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CMHC states that a person who spends more than 30% of their income on shelter can’t sustain their residence. CMHC put 26.4% of Canada’s renters and 6.5% of homeowners in that category in 2011.

RECO warns public about former broker

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Reading both the Superior Court and Ontario Court of Appeal’s decisions that ended the hotly disputed question of Additional Rent would be of great value for any leasing agent. Here’s a summary.