Deep dive into Real Estate by Team Laddi Dhillon
We provide educational info to help you make an educated decision in real estate in Brampton and the surrounding area. We dive deep into the world of real estate investing. Discover how to find profitable deals, finance your investments, and manage rental properties. Whether you're a beginner or a seasoned investor, you'll find valuable insights to help you maximize your returns.
Feel free to check out our website https://www.houseinbrampton.ca/ for more info.
Deep dive into Real Estate by Team Laddi Dhillon
EP61 Home Equipment rental loopholes explained.
This episode provides essential information for Canadian homebuyers about encountering rental items, particularly water heaters, in newly purchased properties. It explains that rental agreements for appliances like water heaters, furnaces, and air conditioners are common, often involving monthly fees, maintenance inclusion, and contract terms. While buyers typically assume existing rental contracts if properly disclosed, failure to disclose can create grounds to challenge the agreement, potentially obligating the seller to cover buyout costs. The text outlines options for buyers who inherit these contracts, including buying out the unit (with costs varying based on the unit's age) or cancelling the agreement by returning the unit, although penalties may apply for early termination or unauthorized removal. Finally, it offers advice for future homebuyers to prevent surprises by inquiring about rental items and reviewing purchase agreements carefully.