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Renting your Toronto Condo or Mississauga Condo can be hazardous to your fiscal well being.


It does audio simple does not it?


Acquire a Toronto or Mississauga Condo, lease it out and let an individual else shell out the mortgage. The backbone of your long term prosperity.


There is a problem even so and that is the conflict between the current Landlord and Tenant legislation and the Condominium Act 1998.


The Condominium Act 1998 obligates a condominium company and its’ Board of Directors to uphold and enforce if needed the Condominium Corporations declaration, by-laws and rules.


Landlord and Actuel legislation sets out the rights and obligations of equally landlords and actuel. It also supplies a remedial approach via the Landlord and Tenant Board.


So Mark Andrews Jersey , if you have been to rent your Toronto Condo or your Mississauga Condo who would be the landlord?


a) The Condominium Corp


b) The Unit operator


If you explained (b) the unit operator you would be right.


Neither the Condo Corporation nor its management would be deemed the landlord beneath landlord and tenant legislation.


Let us see what probable problems.


The condominium company may possibly have in its declaration, by-laws or guidelines that prohibit pets of a sure size or breed.


What takes place if a tenant acquires a pet right after they move in to your Toronto Condominium or Mississauga Condo?


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