TRESA (Trust in Real Estate Services Act) is replacing the Real Estate and Business Brokers Act (REBBA) and phase two of the new regulations will come into effect as of December 1 2023. While phase one of the transition impacted Realtors almost exclusively, phase 2 will have a bigger impact on consumers. 

Selling a Toronto property with a tenant, landlord rights, sellers rights, buyers rights

Navigating the Ontario Real Estate Landscape: Sell Your Tenanted Property Like a Pro!

There has been a pronounced shift in sentiments between landlords and tenants in recent years, with building resentment on both sides.  Tenants, in particular those who have been renting the same unit for a number of years, are being forced out of their homes and communities where they can no longer afford to rent. Landlords, who have very few rights once they lease a property to someone, are feeling a lack of control over a very expensive asset.  The stories of rentals gone wrong can be downright terrifying for either side, from tenants not paying rent for months at a stretch, costly payouts for landlords (amounting to extortion at times IMO), and lengthy wait times at the Landlord Tenant Board (LTB) for hearings.

Couples moving in together, Co-habitation Agreements

Are Co-Habitation Agreements the New Pre-nup?

I help a lot of couples at various stages of relationships find homes to call their own. It’s a big step moving in with someone and could drastically change how you see each other. A co-habitation agreement is a legal contract between two people who live together in a romantic relationship but are not married. The agreement outlines the rights and responsibilities of each partner regarding the property, assets, debts, and other financial matter in the event of a breakup or death.

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