About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Monday, December 21, 2015

Squeezing landlords out?

An increased crackdown on landlords will force many out of the industry according to one, who argues the onus should be on both landlords and tenants when it comes to certain necessities.

“Now that they've started down this path of beating up landlords, it will only increase,” one landlord, and CREW reader, wrote in the forum section. “The end result will be landlords getting out of the business, lower vacancy rates and increased rents.”

That comment was in response to a CREW article about the crackdown on landlords who fail to provide the necessary fire prevention measures.

Two landlords in two separate cities are facing substantial fines for building code violations, proving shortcuts can be costly.

A property owner in St. Catherines, Ont., was ordered to pay $8,000 for fire code violations and will also face probation.

In a separate case, an Alberta landlord – who had previously been warned about building violations – was fined over $20,000.

In that instance, the owner ignored warnings to address improperly-sized basement windows as well as fire alarm installations.

But should the onus be placed squarely on landlords?

“In the past, landlords were never fined; a certain amount of onus was put on tenants. One can pick up a fire alarm for $10, and an extinguisher for $25,” the reader wrote. “I see this as more ‘blame the other guy.’ Put all the onus on one party. When one party bears no responsibility it encourages laziness, the blame game, false claims, lawsuits.”

CREW

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

No comments:

Post a Comment