Hi Terry, i read this post with interest. By the way which lawyer did you use? Intially used Thompson & Elliott in Vancouver, then switched to Porter Ramsay in Kelowna as that is where the property was located. Location only matters if you are going to wind up in court as it keeps the legal...

Amazing....... someone writes in for help and they get a lecture instead! Forzani this is a good forum but there are always going to be those who would rather pass judgement and moralize instead of answer the question you posted. First off, get a lawyer to simply review the contract. If...

I was in the same boat but hired a lawyer to review the contract and see if there was a way out of the contract. They found the out I needed, contract was voided, and I got the deposit refunded. A friend also got out of their contract. Get a lawyer who specializes in contracts. My lawyer...

QUOTE (housedoc @ Oct 16 2009, 04:55 AM) So in you case it`s a no brainer. You`re just bragging. 3.99/KJ? How many KJ/ cubic metre? How about that new Venezuelan discovery , eh? No, house doc, not bragging. People are walking away from these contracts, as good as they seem. I only want to...

QUOTE (TomB @ Oct 11 2009, 05:00 PM) I would be tempted to sign for another 5 years! Yes, the prices may be low now because storage is at an all time high, but will they stay there??? I doubt it. It will be a slingshot effect down the road. Gas producers will quit producing because there is...

QUOTE (bizaro86 @ Oct 15 2009, 03:00 PM) Disclaimer: I work in the natural gas industry as my day job, although that obviously doesn`t endow me with the ability to predict the price of natural gas. If it did, I wouldn`t be fussing around with real estate! All that being said, if I had the...

I am on the verge of renewing a natural gas contract for another 5 year term. Until now, it has been an excellent deal. $3.99/kj for the last 10 years with the option to renew at the same price for 5 years at a time for...... forever! Right now though, it isn`t such a good deal. Regulated...

QUOTE (TerryKruse @ Aug 28 2009, 08:04 AM) I put ours in an ING Savings Account. This pays the required amount of interest+, can be separated and is easy to track. We only have a couple of properties though. Cheers, Terry Just called Service Canada and they confirmed exactly what you said...

We bank everything with TD Canada Trust. So far, I`ve put security deposits we hold into a separate savings account, but it`s not a trust account. According to TD, there is no trust account available for private individuals, only for businesses. It hasn`t been a big issue yet with any of...

QUOTE (thomasbeyer2000 @ Aug 21 2009, 06:56 PM) Would woudl it cost to re-rent it and get a decent tenant ? If a professional cleaning can`t repair it .. deduct what it would cost to replace the carpet in that room / area .. so $1500 may the right deduction .. or even more .. i.e.send them a...

I`m about to give our former tenants an accounting of the deductions from their security deposit. My deadline according to Alberta law is on Monday. We just had the carpets professionally cleaned by a professional company specializing in stain removal. There are 2 separate rooms and a...

QUOTE (PaulPoulsen @ Aug 17 2009, 05:48 PM) When we move in a new tenant, we make a point of explaining how we will do the eventual move-out inspection. We explain that on the last day of the tenancy, the property needs to look like it did on the first day of the tenancy. If it doesn`t, we...

We just had tenants move out after being tenants for 1 year, and the house wasn`t left in the best condition. I need to do some deductions but wonder if everything I`d like to charge is actually legit, or not. Here is my wish list for deductions but are they reasonable. Windows: Move in -...

QUOTE (Savard @ Aug 16 2009, 08:46 AM) We also have a 15% (on top of the invoice) managment fee, which we have included in our lease. So we received $45 to manage the cleaning. Thanks - doesn`t sound like we are too high as it is more than 1200 sq.ft. Will the LTB support the 15% for...

We are getting a house ready for a new tenant at the end of this month. We will be repainting a lot of the house with a better quality paint so it can be wiped and cleaned without damaging the paint finish. The carpets and underlay are premium quality stain master type and only 2 1/2 years...

QUOTE (RisingWealth @ Aug 9 2009, 12:39 PM) Thanks terry, I know about that one, but are we allowed to use more detailed ones, like the ones I`ve seen for Alberta or are we restricted to using the RTB-1? Hi, I like to use the BC one for our rental there but I have customized it by adding in a...

QUOTE (RisingWealth @ Aug 9 2009, 09:49 AM) I was hoping that someone could share a BC tenancy lease agreement, as I have not located one on the REIN site. Thanks, Mark Go the the BC Gov website Residential Tenancy Branch - they have one posted. It`s form RTB-1 that you want...

Students usually don`t have a regular or full time income, and sometimes don`t have much credit history either. So checking their credit report, confirming employment and income, can be pointless. What is the best way to ensure you will get your rent paid on time? Would you ask for a...

Okay...... I`m a LOT better now. Amazing what 24 hrs. can do for one`s perception. The responses are dead on. All of them and thanks to all of you. Looking back at the weeks events there is no longer any doubt in my mind that I was being played by master manipulators. They knew right off...

Wow, this business is very hard on the emotions - at least it is on mine. See my earlier post for details but in a nutshell, very nice applicants - he with a disability income and she with a great longstanding job with a high income. Middle aged, no kids, one dog but not one I was worried...