Attention Buyers/Investors

Be among the very FIRST to preview and PURCHASE a pre-construction condo before it is open to the general public!! Email me - kevinyip@realtyagent.com to join my email distribution list for VIP access to many new real estate developments in GTA (Toronto, Markham, Richmond Hill etc).

Tuesday, April 23, 2013

Renting Information - What renters need to prepare!




Prequalification:
  • Download Your Equifax Credit Report.
  • Request For Letter of Employment. It takes time for your HR to prepare.

Signing Agreement to Lease:
  • Standard Lease Agreement (Offer) provided by Ontario Real Estate Association(OREA) to be prepared by your Realtor.
  • Fill out OREA Rental Application Form per applicant. (Mandatory) 
  •  Within 24 hours  upon acceptance of offer, Tenant prepares a "money order/bank draft/certified cheque" payable to Listing Brokerage specified in the Lease agreement.
  • Tenants is responsible for booking elevator with property management office and change utilities ownership from landlord to tenants.

Move-in Date:
  • Tenants provide 10 post-dated cheques and/or refundable key deposit payable to landlord.
    • Tenants provide tenants insurance statement.
      • Landlords provide keys to tenants.

The 2011 rent increase guideline is 0.7 percent.
The 2012 rent increase guideline is 3.1 percent.
The 2013 rent increase guideline is 2.5 percent.
Posted by at

1 comment:

  1. UnknownJuly 2, 2013 at 5:08 AM

    There is good information about new homes and condos in Toronto when we book it for the rent. A good real estate realtor helps prepare the all required documents.

    ReplyDelete

Subscribe to: Post Comments (Atom)