Hi, I have three kids, and there is definately a wear and tear factor to consider if you are considering renting to a young family. Greg above described my house,(especially the toys outside).Even if they are supervised, kids will break things and damage walls, its inevitible. Thankfully most...

QUOTE (housedoc @ Jan 20 2009, 03:21 PM) If there are no specified conditions for breaking the "lease", is the tenancy not therefore simply month-to-month? Can the tenant then simply give 30 days (last months rent) and walk? Is the basement unit even legal? Even month to month lease requires a...

Hi, One way you may lower your tax burden is pay a reasonable salary/fee to lower income generating members of your family who will have the income taxed at a lower rate. EG. pay your wife for doing the books, your retired dad for lawn maintenance, your kids for painting. Bill F.

Wow, You sound like you have it together, and the plan looks good. A couple of years of POTENTIAL depreciation should not stand in the way of long term cash flow. In KW-Guelph, do you rent out the rooms or the whole house. Is it one lease with multiple signers or multiple leases. How much time...

Hi everyone, I was browsing through the new MLS/Realtor site, looking at the rents around some of my properties and I decided to check out the rents in some of the areas I could not afford but would love to live in(maybe one day)---translation Million Dollar Homes by the water. I was shocked by...

Hi, If there is no specific length of contract a tenant only has to give 60 days notice to a landlord. I have had a few tenants break the lease on me, and it is a pain but I am forced to fill the vacancy ASAP to minimize my loses and to prove my diligence. I usually make the tenant pay for...

Hi, I live in Mississauga, you can go to thier website and they have an interactive zoning bylaw feature. Just type in your address or tax roll code and it will tell you everything from the zoning type for your lot to any permits or violations etc. for your site. It is really easy. PS...

Hi, Quick question about this interesting proposition. Now that it is generally accepted that prices are going to be flat/down for the next while are the clients still willing to pay for anticpated price growth/appreciation. Thanks, Bill F

Hi, I am not sure about Alberta, but in Ontario part of the new landlord/tenant legislation included a section on smart metering that allowed utilites to be severed from the rent and added as seperate cost. This included existing leases and is meant to encourage energy savings. I believe you...

In Ontario, There are a lot of local utilities that are part of the "PEAKSAVER" program. It lets the local utility put in thermostat that the can cycle down wirelessly during peak consumption periods during the high AC uses in the summer. The bonus is that they will install this in your house...

Hi, We have recovered the walls with a quality wallpaper. The patterns actually hide any warps in the panelling and cover the grooves as well. When a new tenant came in we primed and painted right over the paper which turned out pretty well. Nice floors and baseboard also hide the flaws of the...

Ramon, Thanks for your advice, I never considered the condo board and rules. I was hoping there was a way I could demand insurance or add it to the lease, but I guess I will have to go the eviction route unless I am provided with proof of insurance. Again, thanks for your advice. Bill Mississauga

Hi everyone, I have a quick question. My tenants have been operating a home daycare in one of my townhouse units. I think this is a legal use but I am concerned about liability. I have included an advisory in my lease that they have insurance but not an outright demand. I asked for thier policy...

Hi, Hopefully they are dogsitting but... In Ontario pets are allowed regardless of lease details. If the unit is multi residential, and another person in the building is allergic or the dog barks and effects the reasonable enjoyment of others then you may have grounds to have the dog removed...

Hi, I check my own report every once and a while and noticed all our Scotiabank mortgages were on my file for the last two years. I asked the Bank Manager about it and they said Scotia and TD are reporting. I believe it appears on my Equifax file. Bill F., Ontario

Hi Donna, I work for the government in this area. Unfortunately unless you catch the person doing the dumping, the owner or controller of the property is responsible for the clean-up. Under the municipal property standards by-law they can likely clean up the property at your expense (tax roll)...

Hi, The standard in GTA is 5%, and I have had a deal at 3.75% once. I feel that anything lower than 2.5% to your agent is will compromise your service. My two cents, BillF

Hey Everyone, I have a collection company willing to take my order to pay from the Landlord Tennant Board and take a percentage if collected. Is this legal, or do I have to go to small claims court first. I really don`t care about the money that much I just want this ex-tenant to suffer some of...

Hi, Another bonus of the rental hot water heater in Ontario, is that the rental fee is included in the gas bill if you use the Enbridge/Direct Energy collusion...sorry combination, then your tenant pays for the hot water heater and you don`t have to worry about maintenance. Bill F. P.S. The...

Hi, What is the price on relining the sanitary line, for a 30m run for example. Thanks, Bill