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How to location comment lease

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hey everyone its Mark Ferguson with investor more and Im back with another real estate investing video today Im talking about the best property to buy as a beginning investor in todays market and if youre wondering when today is its 2023 you may be watching this now or at the future at some point um I bought my first rental properties in 2010. obviously things were much much different back then and a lot of people ask me sure you got great deals back then but you cant do the same thing now how do you invest in real estate now with prices higher with interest rates higher and what type of property is the best property to buy and thats what Im going to talk about today is the best type of property to buy if youre beginning now well have another video that talks about how to invest in real estate how to get the money all of that as well but right now what youre looking at is my first rental property from 2010 when I first bought it and Im going to talk about single family ho

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How much notice is required to terminate a lease in Quebec?

For leases of 12 months or longer, the notice must be given at least 3 months and not more than 6 months before the end of the lease. For the lease of a room the notice is of not less than ten days nor more than twenty days (article 1942 Civil Code of Quebec).

How do I refuse a rent increase in Quebec?

Whatever the notice looks like, a tenant who wants to refuse the rent increase should send a letter to the landlord saying so, within one month of receiving the landlords notice.

How long does it take to evict a tenant in Quebec?

A landlord must provide the following amount of notice to evict: Six months before, on a lease of six months or more. One month before, on a lease of six months or less. Six months before, on a lease without a set term.

What happens if I dont agree to a rent increase?

If you do not sign a new contract or agree to a higher rent, your rent stays the same unless your landlord has given you a legal rent increase notice. This is called a section 13 notice. Your landlord can give you this notice during a fixed term tenancy but your rent will only go up when the fixed term has ended.

Can you refuse a rent increase in Quebec?

The TAL says landlords and tenants are free to agree on a rent increase that both consider acceptable. If the two parties cannot agree on the rent increase (or on any other modification to the lease), the lessor can file an application to modify the lease, it says.

What happens when you refuse a rent increase in Quebec?

If you refuse the modifications and you renew your lease: your landlord has one month to submit a request to the Tribunal administratif du logement (rental board) to have them determine the rent increase. If he or she omits to do, your lease will be renewed at the same price and the same conditions.

How does a land lease work in Ontario?

In a land lease, the dwelling is owned by the resident and the land on which the dwelling sits is leased. Life lease ownership means holding an interest in property providing the right to live in the unit, usually for the duration of the lease holders life or until the lease holder decides to move.

How do I decline a rent increase?

Applying to challenge your rent increase If you and your landlord cant agree on your rent increase you can ask a tribunal to decide for you - its free to apply. Youll need to apply before the date your rent increase is due to start - you can find this on your section 13 notice.

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