Hi Goach, Here is another case discussing the jurisdictional issues. http://www.canlii.org/en/on/onscsm/doc/2012/2012canlii98396/2012canlii98396.html?searchUrlHash=AAAAAQASbydzaGFudGVyIHYgc2VwYXJpAAAAAAE Reading it it brings back some memories: In O`ShanterDevelopment Corp. v. Separi...

Yup. That is pretty well how it works. But speaking as a realtor and PM it seems that you did place a good deal of reliance on yours. If they had been more specialized it might have saved you a lot of time. The other day you commented favorably on some basic US tax questions I replied to...

To be sure there were great buys in 2010 but to use them as a benchmark for current deals is a little like saying you bought the DOW @ 7000 when considering current stocks: If it is not a currently available option than neither does it seem a relavant comparison. Even in 2010 if you did not...

Hi Goach, I was not trying to be rude and do have a solution how to stick-handle the claim. Basically let the time for the tenant to apply to the LTB run out and then try and press on in the Court for your rent claim while barring the tenants claim. If you would like it contact me directly...

If you want the money give them an N5 notice demanding payment of the amount of the damage within 7 days. Get an estimate for the amount to claim as damage. If does not pay apply to LTB on form L2 after the 7 days. And eviction if yo wish.

The agreements are not that relevant as it is a jurisdictional issue....None of these agreements comply with RTA so if RTA applies there is a problem. I am curious as to what procedure you would have used to evict the tenant sooner as the Court clearly has no jurisdiction to terminate a...

Hi Claudio, If the building is rent controlled (built before 1991) then you cannot raise the rent even by agreement with the tenants as long as they are there except under very specific conditions (additional services ect...). If the tenants challenge the agreement later you will have to...

Thanks Sweetzone, Appreciate both the compliment and the opportunity to canvass these ideas.

This should assist you although it does not deal with the statutory arguments raised above. http://www.canlii.org/en/on/onsc/doc/2009/2009canlii9759/2009canlii9759.html?searchUrlHash=AAAAAQAYbGVhc2Ugb3B0aW9uIHJlc2lkZW50aWFsAAAAAAE In this case the Court simply accepted the lease option as...

Hi Goach, As I say it is a technical argument. I wrote a letter of opinion for a rein member on the topic years ago and never heard anything more of it. I had hoped they had found a lawyer to disagree with me and that is why I asked if anyone had any decisions. The section I quoted is not...

Consider definition of security deposit in legislation (2) In this section and in section 106, `security deposit` means money, property or a right paid or given by, or on behalf of, a tenant of a rental unit to a landlord or to anyone on the landlord`s behalf to be held by or for the...

Hi, I am not in any way qualified to give tax advice but some observations from managing US properties tat you should ask your own accountant about. I had understood an LLC can be problematic as one of the main benefits to US residents is that they can treat it either as a flow through or...

Hi, Interesting. Does anyone have any Ontario decisions dealing with lease options ? I do not understand the view that lease options in Ontario are exempt from the residential tenancies act.. The premise is that a lease option is not a residential tenancy based on the exemption...

Hi, If you are no longer the owner can you still be sued as a landlord in BC ? Is there a municipal or provincial standard for heat (must be). Onus on tenant to prove not met. Unless the apartment is below municipal standards for heat are you liable just because of some bad duct work...

The 3 course meal analogy is a great one to explain where you make money from real estate investing. It had caught my attention before a number of times in these posts. Cash flow, principal pay down and equity gains do not seem equal however as the last two depend on the first: The only...

Fortunately all of these things can be expressed on spreadsheets where their meanings are less ambiguous. A rose by any other name:) . However I would return to the point I started with which was to question purchasing a self managed asset with a 4% target cap. And how it differs from a...