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How to set up age lease

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welcome back to this five-part video series about how to structure and buy real estate using creative financing strategies this is video 5 in this series and on this video Im going to show you three different methods to structure my real estate using a creative financing strategy known as lease options coming up Heights jeering on the nations leading expert on flippin real estate and if youre new here to make more money and less time flipping real estate so that you can live your dream life subscribe to my channel click the bell I kind of get notified when new videos are released of all of the creative financing strategies weve discussed in this 5 video series at least option or whats more formerly known as a lease with the option to purchase is perhaps the most flexible structure there easy to get into and theyre easy to get out of for both the buyer and the seller as youll learn on this video lets discuss what a lease option is and more importantly how to use it as an invest

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Can a minor rent an apartment Canada?

Age: Section 3 of the Residential Tenancy Act (RTA) allows landlords to rent to minors (under age 19). If you are a minor who has entered into a tenancy agreement with a landlord, you have all the same rights and responsibilities as any other tenant protected by the RTA.

Can a 17 year old rent an apartment?

To rent a property you need to sign a type of contract called a lease. Its usually difficult to have a contract that someone under the age of 18 can sign because usually the young person wouldnt be held accountable if something went wrong.

What happens after 1 year lease is up Ontario?

In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The main advantage for tenants with a month-to-month tenancy is that they have much more flexibility if they decide to move.

Is rent due on the 1st or 31st Ontario?

Rent is due on the actual day listed in the lease e.g. September 1st. Payment received even a day later, is considered late e.g. September 2nd.

At what age can you get your own apartment in Canada?

A minor cant legally own a property in Canada until the age of 18. In Georges case, his parents signed mortgages that are legally entrusted to him and in two years theyll be under his name. Im responsible for nothing. Its just my name on it, said Angee George.

Can a 17 year old rent an apartment in Toronto?

You are legally entitled to rent your own apartment. If you are on OW, your worker has the right to approve where you live. It is against the law for a landlord to refuse to rent to you because you are 16 or 17. It is also against the law to refuse to rent to you because you are receiving OW.

How do I assign a lease in Ontario?

You must ask permission from the landlord if you wish to sublet or to assign your unit. It is important to ask for permission in writing so that you have proof that you made the request if there is any dispute later on.

Can a 17 year old rent an apartment in Canada?

You are legally entitled to rent your own apartment. If you are on OW, your worker has the right to approve where you live. It is against the law for a landlord to refuse to rent to you because you are 16 or 17. It is also against the law to refuse to rent to you because you are receiving OW.

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