Dear David: I own a semi-detached property. My tenant pays rent on a month-my-month basis and it has been a few years since I renewed their lease. If I want to sell the property, is there anything that I am legally required to do prior to the sale, other than giving the tenant 90 days’
Dear David, I live in a semi. What are the drawbacks of renting out a room? I worry about stealing, snooping, etc. and don’t want pets. What if it doesn’t go well? – ROOMMATE RESERVATIONS DEAR ROOMMATE: Renting out a room in your home does not fall under the Residential Tenancies Act (RTA) if you
Dear David, A For Sale sign labelled “Coming Soon” was posted on a condo unit in my complex last week. A friend of mine was interested in buying the property. She called the agent, who wasn’t ready to show it yet, but mentioned that there was significant interest. The sign disappeared a week later and
Dear David, I have a townhouse with electric heat. I plan on selling it in five years. I’ve received a quote of $12,000 to install gas heat and air conditioning. In your opinion, would this be a worthwhile investment? – ZAPPED DEAR ZAPPED: The quick answer is yes. Switching to gas will obviously lower your
Dear David, Our well-established business has been leasing our location for 20 years and we must move next year. Should we buy or lease somewhere else? – TORN DEAR TORN: Real estate has proven to be one of most solid, consistent and reliable forms of investment, especially in our region, where the market is stable.
Dear David, We just signed a 3-year lease for our business and my wife and I have decided to split up, what do we do now? – HEARTBROKEN DEAR HEARTBROKEN: I’m very sorry to hear about your circumstances. Yet despite what has happened personally, a lease is a contract like any other and you are