Q + A
If this is your first time using a Real Estate Agent to help find a rental property, you may have some additional questions. If you have any more questions, please feel free to contact me
Amenities
All condo facilities are accessible to Tenants when the lease term has begun. Smaller and older condos typically do not have pools or modern gym equipment. Larger and newer condos tend to have more to offer
Decorating
Typically painting and minor decorations are permitted, however it would be prudent to inform your Landlord when doing so. Dark colours may be rejected as it will make repainting much more difficult
Deposit
Within 24 hours after an accepted lease has been approved, the Tenant is required to provide a certified cheque in the amount of first and last month's rent
Giving Notice
The Ontario government has mandated that all Tenants are required to give their Landlord at least 60 days written notice when planning to move
Keys
On closing day (the first day of the new lease), all parties arrange to meet up at the suite to exchange cheques and insurance for the keys
Length of Term
Most leases are signed for a 1 year term. Shorter term rentals are not common and typically cost more per month
Month-to-Month
At the end of the lease term, you may continue on a month-to-month basis. The advantage of continuing month-to-month is that you have flexibility. At anytime you can give at least 60 days notice and move without penalty
Renewing the Lease
At the end of the lease term, you may renew the lease. The advantage to renewing is that your rent is locked in for another term, and you are protected from being asked to leave if the Landlord sells
Payments
Since the first and last month's rent is paid up in advance as the deposit, there are 10 remaining months left in the lease term. These are paid by post-dated cheques when picking up the keys
Solarium vs Den
Solariums and dens are both extra rooms inside condo suites. Solariums are typically found in older buildings, have windows, and may have a sliding glass door. Dens tend to be found in newer construction, lack a door, and are often found closer to the main entrance
Sublet
If you need to move while still under contract, you may be allowed to sublet your suite to someone else, pending Landlord approval
Utilities
Each condo building includes different utilities with the rent. Typically water is included while heating/ac and electricity may not. Every building varies, some include more then others