Red hot real estate markets in the Greater Toronto Area, Vancouver and other Canadian centres are creating new opportunities not only for homeowners, but also for owners of condominium investment properties.
Most leases require a tenant to obtain insurance that is consistent with the lease terms before they can enter a premises. Despite this fundamental prerequisite to enter, most tenants fail to meet the lease’s insurance provision.
The legal marijuana business is booming and landlords are taking notice because these businesses have a solid cash flow and are able to pay a premium in rent. Make sure the following critical steps are taken to avoid risk.
If organized real estate could get the ball rolling on this through their PAC, it would help everyone in the end. It would be an incentive for landlords to keep their units in good shape. Help increase property values.
This clause is brutal to read and causes confusion. The common solution: ignore it and hope for the best! The problem: if you don’t deal with the confusion you are guaranteed mismanaged expectations, conflict and exploitation.
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.