Townhome rentals allowed

Havan8655

Focused Investor
Registered
May 3, 2016
45
5
8
#1
Does 'rentals allowed' policy in townhomes will be subject to change every year? If one purchase a townhome property under personal residence when rentals allowed but later If it has to be rent out, then same rentals allowed feature will apply to the owner? How to tackle those situation for owners?
 

Alvaro Sanchez

Ottawa-Gatineau Investor
Registered
Jun 5, 2009
938
133
43
Ottawa
AlvaroSanchez.ca
#2
I assume that town-home is in a condominium structure and yes, rules can change. It would depend of how friendly the board members of the corp is which rentals. Best to attend all meetings (and vote), become a member or not to buy at all.
 
Likes: Tina Myrvang

Sherilynn

Senior Forum Member
REIN Member
Oct 22, 2007
2,745
615
113
Edmonton
www.qdhomequest.com
#4
In which province is this?

In Alberta, the Condominium Property Act prohibits restrictions on rentals. While the Condo Corporation may have bylaws restricting rentals, they are unenforceable in Alberta because they contradict the Act.