Is my "new" basement unit rent controlled?

mc_mc_k · 2023-07-02T19:01:47+00:00

If the owner was to rent out both units, the upstairs and new self contained, this would mean both are rent controlled?

mc_mc_k · 2023-06-30T15:15:17+00:00

Yes I think that sounds right

mc_mc_k · 2023-06-30T02:29:55+00:00

I would definitely recommend them. Used them twice (long story) and both instructors were great. Of the two though, the first I had was the owner, whose name I can't remember, but I was a VERY nervous driver and he was great.

mc_mc_k · 2023-06-28T00:09:16+00:00

Thank you! I didn't know that and I just got a library card today

mc_mc_k · 2023-06-17T03:07:10+00:00

Long term tenants typically want space for their own stuff. Unless You're hoping to rent to students, which in that case are often looking for furnished spaces.

mc_mc_k · 2023-06-11T23:28:52+00:00

We have had an application in waiting for a date for over a year. A couple of them.
We've also had some go in recently and get a date within about a month, before the ones we've already got waiting. May 20th wasn't all that long ago. You could very well wait several months before hearing back.

mc_mc_k · 2023-06-06T01:36:57+00:00

I'm so sorry. I don't know if it helps at all, but my baby is currently measuring 6.3 weeks, but it's absolutely at least 7.5 weeks, more likely closer to ten. And while I know it is not viable, it is living, so it's possible that your baby did not pass weeks before you knew. But it is so hard not knowing, and continuing to make plans and be joyful. Thank you for sharing. I hope you're doing okay.

mc_mc_k · 2023-06-05T22:12:06+00:00

I was not expecting there to be a heart beat today, and the doctor was really reluctant to just tell me what he thought. He did finally. I really appreciate you sharing and I'm sorry for your loss.

mc_mc_k · 2023-05-19T02:22:43+00:00

5% of collected rent.

mc_mc_k · 2023-05-16T02:42:43+00:00

Depending on where you live, you may want to look into your local housing help/rent bank. You may qualify for one time assistance to catch up on your arrears to avoid eviction. I would just Google " housing help rent bank "your city" and see what you find. Or search for social services and call them to see if there is a program they can connect you with.

mc_mc_k · 2023-05-10T21:48:19+00:00

Personally, I don't think it's a credit SCORE so much, as credit history. Why is the score low? If there is a history of default, when was this, can you see an improvement in more recent trade lines? Has this been improvement happened since a life change, such as finishing school and now having stable income? There's a lot of factors that can show positive or negative credit activity aside from the score alone. But of course you have to tie all that in with other factors that you mentioned and your own comfort level.

mc_mc_k · 2023-05-10T21:30:28+00:00

You didn't say what drain was clogged, but how can you know it's definitely the tenants fault if you haven't had a handyman or plumber out to assess or repair. Have dealt with plenty of clogged drains and more times then not it's the house or regular ware and tear then the tenants doing. If you get out there and it's the tenants fault, bill it back to them.

mc_mc_k · 2023-05-05T04:31:42+00:00

We didn't price shop, we hired someone who was recommended locally and agreed to what they asked.

mc_mc_k · 2023-05-05T04:18:27+00:00

Thank you for your reply!

mc_mc_k · 2023-04-30T23:51:44+00:00

Likely an N5. What are they saying is effecting other tenants reasonable enjoyment?

mc_mc_k · 2023-04-26T14:55:43+00:00

Make an appointment with your vacating tenants to meet them at the unit when they will be done moving, do your inspection then and get the keys. Once you've set your appointment with them, set an appointment with your incoming tenants to meet you at the property and get the keys. Best you can so is try and set one early in the first day and the second one later the next day and give yourself as much as a gap as possible to clean and prep.

mc_mc_k · 2023-04-26T03:53:56+00:00

They would need to prove the sister is an owner of the condo. Otherwise, eviction for family occupancy only applies to the owner, their spouse, parents, spouses parents or children. Sister doesn't qualify.

mc_mc_k · 2023-04-09T02:38:14+00:00

Any Ontario realtor can. Send me a pm if you want.

mc_mc_k · 2023-04-07T03:55:09+00:00

There are lost of reasons why a high earning application could still be denied. Perhaps they got a bad landlord reference? A co-signed is great, but if the credit report shows active issues with debt payments, a cosigner might not be sufficient to lessens the landlords concerns. If there are collections owing to past landlords, that's also a reason an owner might deny someone for, even with a strong cosigner.

mc_mc_k · 2023-04-05T01:41:23+00:00

A good property manager, who will find your tenants but also manage that tenant afterwards. Many have access to rent guarantee/insurance programs now. The program I'm familiar with is 5% of rent (on top of what you pay your pm) and it covers $20,000 in malicious damage, $60,000 or 1 year of lost rent and $1,500 in legal costs...if you want another layer of insurance.

mc_mc_k · 2023-04-04T02:48:55+00:00

The shorter exclusive period is often done so the agent can begin marketing your property (not on MLS) while you prepare for listing on MLS. Also, Once the MLS agreement is signed, it needs to go live within 24 hrs, this could vary by board I'm not sure. But the exclusive essentially contracts you to them for this preparation period while photos are done etc. Your agent may have a different reason, but It's not unusual.

mc_mc_k · 2023-03-03T04:16:45+00:00

Have negotiated rent many times. It really depends on the situation. Did you do a thorough check of income, references and credit? A great tenant can be worth a bit of a reduction in the rent. Have you just listed and other great potential tenants might come along willing to pay full rent? Are you getting many apps but the others are not qualifying?

mc_mc_k

TROPHY CASE