The Residential and Tenancies Act, 2006 (RTA) is the governing legislation that applies to landlords and tenants in the province of Ontario. It provides that “[a] provision in a tenancy agreement prohibiting the presence of animals in or about the residential complex is void.”, while at the same time, a landlord cannot prevent a tenant from having a pet. Condominium Boards that find a tenant’s pet to be a nuisance can have that pet evicted.
Understanding how condominium insurance coverage is set-up, and how owners and boards can reduce risk, is the best protection in order to keep the corporation’s insurance record healthier. Condominium corporations can also protect themselves by adopting a standard unit by-law and/or an insurance deductible by-law.
If you are considering the purchase of a townhouse, you may be surprised to know that there are several different types of condominium developments.
Before you choose on renting the unit out yourself, or hiring a professional, such as a real estate agent, ensure the condominium’s rules and regulations will allow for a rental by speaking with the condominium property manager, as some condo’s may restrict the quantity of rentals allowed in a building.
For those not new to condo living, you inevitably have come across a time when the smells and odours from your neighbours have without warning, entered your unit, much to your shock and chagrin.
Whether you are planning to move in to a new condo or looking to invest more in your existing home, you may want to consider which upgrades will translate into more net value, whether you are staying or selling.
These days, the word “downsizing” brings to mind tough economic times and layoffs.
But when it comes to your life, downsizing can actually make you happy! By making the move to a condo property, typically there is a sizable reduction in your livable space.
It’s that time of year, when the snow starts to fall, you can see your breath in the cold winter air, and Christmas carols fill the radio stations and malls. Before you start to decorate your balcony with a string of your favourite sparkling lights, or cut down a tree, best to check your condominium bylaws, declarations and rules, and consult with your condominium property management company.
The transition that occurs when moving from a single family home, or even another condominium, can seem daunting, or even overwhelming. With so many rules and regulations, there is no quick and easy way to find the answers.
No one wants to think that a fire can happen in their condo property, however if it does being prepared for any situation can help save your life and your fellow neighbours lives.