Is A Pet Clause Valid?

Is A Pet Clause Valid?

This is a question I get asked all the time. The Short Answer is No, you cannot tell somebody you won’t rent out your place because they have a pet.

Another question, many people have is, whether or not you have a pet clause in there, and then the tenant gets a pet after the fact, can they keep the pet. The Answer is Yes.

The Landlord Tenant act, is very clear, a landlord cannot tell a tenant that they cannot have a pet. You cannot discriminate a potential tenant just because they have a pet. You cannot tell a tenant that obtains a pet after they are living there that they have to either get rid of the pet or move out.

Most landlords put on the mls, and other rental sites that they do not want somebody who smokes or has pets. I’m not a lawyer but I’m pretty sure that is not the proper thing to do, but if you look at rental ads you will see everybody has that listed.

It is my understanding, the only way that you can tell potential renters and renters that no pets are allowed, is if there is a bylaw in the condo or apartment that restricts any pets. If that is the case, then definitely the landlord is in the right when it comes to these no pet clauses. Also if there there is a weight restriction, that also applies.

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Heath’s Corner: Where to Invest Your Money in Real Estate?

Heath’s Corner: Where to Invest Your Money in Real Estate?

In this hot market, there are many ways and places to invest your money. It seems as thought everybody wants to get into the Real Estate game. The reason being is that even though Real Estate goes up and down, in the long term, Real Estate is a solid investment. There is something tangible that you can touch and feel. There is a product, piece of land, and a structure. Other investments do not have this. 

 
The million dollars question I get asked daily is where is the best place to invest your money in Real Estate. Everybody has their own opinion, and every wants to know where the sure bet is. 
 
A lot of people start by putting their money into condos, and in this market that is a decent small investment, not bad for starting off, if you buy pre-construction. That investment is pretty simple, buy before they come out, and wait two years, and the value increases, and then sell after a few years of renting to re-coup your money. 
 
Another is to do the same for a housing development if you can find one out of the city. 
 
The Real Estate investment that is most popular is buying a run down house, and then renovating it, and selling it for top dollar. This method has been sparked by a generation of Do it yourself shows and programs. This method can truly be a money maker, it does have its challenges. You must need capital, and be able to sit on that capital. Some projects can take up to one year to finish after permits, and contractors. Then you must also be able to sell it so you make a profit after taxes, and material. Not to mention your time. Also the biggest factor is that there are probably thousands of people looking to do the same thing that you are. Yes Competition is real and you are not a genius of thinking of doing this. 
 
The last method is the method that I believe is one of the best things to do. It is to take a few of your other investments and buy duplexes or triplexes and be a landlord. Take your condo investments and sell them, and then locate the best property, possibly renovate them, and rent them out for  top dollar. You may also turn a renovation house into one of these properties. It may take some permits and cutting red tape. Investments like this are not short term and in the long term you will see that having a few of these types of properties will expand your portfolio and see steady returns. 

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read more

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read more

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read more

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read more

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read more

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read more

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