Are you renting or renting out a condo? Here’s information you need to know!
August 7, 2013
Toronto condos and lofts can offer a great investment opportunity; your tenant pays your carrying costs while you bide your time as the value of your property appreciates. For renters, it’s an opportunity to live in a newer suite with all the amenities you don’t get in rental towers, such as in-suite laundry and a gym.
However, there’s a lot to know. Whether you’re considering buying an investment property or thinking about renting a condo as a tenant, here’s a comprehensive document from the Canadian Condominium Institute that gives information on what you need to know, from maintenance fees to gas leaks and more.
If you’re currently a landlord, you will want to check this out – there may be things you’re not aware of!