New condo owner within Vancouver(previously tenanted) how long do i officially want to live surrounded by it?
In November 07 I purchased a small downtown condo in Vancouver. The condo be previoulsy tennated, and i was told by my material estate agent that legally i cannot rent it for a term of one year as it was purchased while while tennated.(someone be renting it at the time of pruchase)The closing date for the sale is Feb 1st.
Reccently i be offered an excellent international job starting surrounded by July 08, and i would like to transport it. Is it legal for me to rent out the condo while i'm gone? Are near any options for me? My pay would not be good ample to pay the mortage on the useless condo while i'm gone.
Answers: I don't fully understand the situation from your description, nor the decree specifially in Vancouver, but you might be subject to a rule similar to this (under rent control) if you kicked the tenant out in charge to occupy it.
The easiest way to resolve this would be to provide the condo to someone else before you donate. Then you are out of the game. You probably don't really want the hassle of one an absentee manager out of the country anyway.
The timeline that the realtor mentioned isn't law, it's contained by your strata rules. Check with a partaker of your strata council, or better yet, check the strata rules yourself. You be given copies of all of the rules and regulations of the strata when you purchased the condo.
The recent release of the BC Assessments showed a significant rise contained by the value of adjectives homes here. If you purchased in Yaletown, you'll be surprised. Check adjectives of your documentation about renting unit in your building, and desire if holding onto the property is right for you. If you leave and rent the element out, you'll still have to profile and pay taxes contained by Canada. Good luck!
What the difference?
What is the difference between lease and rent?Answers: None at all. In discussion a lease usually mechanism it has a permanent status of 6 months or 12 months. Rent is more month to month. But then vocabulary are completely interchangable. The contract is called a "Rental Lease Agreement".
There is none. A lease is the methodical name for a renter's agreement.
Some landlords may allow "month to month" renting in need a formal lease, but there is no difference.
Leasing and renting are like thing.
A lease is a contract to provide services surrounded by exchange for the payment of rent.
Do I need a permit to put a fence on my property in Nueces County? If so, how much does it run?
Answers: Yes you would normally need a permit to do any type repairs or additions to your house.
Normally you will need to have a drawing of what you plan to do, most cities don't require professional to do the drawings but a good one so they can get an idea of what you are trying to do.
Most cities will allow you to do your own work, but most require you to attend and get a certificate of completion by attending a class they offer on the item you plan to repair.
You should call the planning and permit department to find out the cost and other requirements to accomplish what you are trying to do.
You might also be required to show your property line so as to make sure you are not invading your neighbor's property.
At any rate the planning department is normally client friendly and will assist you in any way they can.
They might even have a list of approved construction companies that can do the work for you in the event you do not want to do it yourself.
If you live in the county and not the city you will have to get the permits from the county as oppose to the city. The city normally would be where you would start.
Once your project has been completed the city will send a city inspector to approve the work done on the property. This approval should be kept with all your important documents, just in case their is a problem that might arise in the future by someone. This is your proof that you had and got approval to do the job.
I hope this has been of some use to you, good luck.
"FIGHT ON"