With the record-breaking number of new condominium construction in the greater Toronto area downtown core, it’s pretty obvious that many people are interested in buying units. But for those out-of-town investors, renting is the most practical thing to do. In the latest issue of Condominia, Denise discusses the importance for condo buyers to understand their rights and obligations not only as a condo owner, but as a landlord:
The Condominium Act requires that owners who rent their units provide the condominium corporation with a copy of the lease (or a summary of lease) and the addresses of the owner to which notices can be sent by the corporation.
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