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I'm looking for a trustworthy contractor, can you point me in the right direction? Absolutely! Search no more, every real estate agent will provide you with names for most types of contractors. Knowing how hard it is to find a reputable contractor many realtors have put together a list of many professionals who we know will do a great job and who can be trusted. All the contractors & tradespeople have usually undertaken work for the realtor, his/her friends, family members and/or clients, and are definitely highly recommended. Our basement isn't finished, does this mean I am not going to be able to rent it out? Is there anything stopping me, such as regional or Canadian by-laws prohibiting me from doing this? You would need to check out the law in detail as there are lots that govern the retrofit status of basements in the GTA area. Lots of these laws are about fire codes and protecting future tenants and their safety. To achieve this status a basement will need to be finished, therefore an unfinished basement would not obtain approval. Lots of basements do not come up to standard for retrofit status in Toronto and have already been rented out. Although I am aware of the nature of these laws, I do not know who actually enforces them. If there was ever a claim, you could also find out to your misfortune, that your property insurance is no longer valid. What can you do if you are sure you made a mistake after you bought condominium? How long should I wait to sell? I communicated with the mortgage lender and said it was not a problem. It's not often a profitable financial decision to sell your condo soon after buying it.First off the best advice is not to sell your condo too soon after you purchased it. We appreciate that you are not happy with your new apartment, but it really isn't a great idea to sell it so soon after paying for it. As a typical rule, you should wait at least 3 years before selling, 3 years will allow some time for equity to build up. One agent can represent you for both selling and buying property. You can still hire a real estate agent, even if you acquired the apartment directly from the developer in the first place. If we are not happy with the management of our condo block, can the residents get together and ask for the removal of them? If the management isn't living up to their responsibilities and you are a condo owner, not a tenant, then yes you do have the right to do this. A condo corporation will have a board of directors, you will need to contact them first. At this point you may not need to employ a lawyer as the condo corporation have the right to cancel the management company's contract. The condo management will have a contract with the condo corporation and this could be terminated if they do not live up to their contractual obligations. Of course, this is not intended to be legal advice. Questions replied by Toronto house for sale professional.
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