How do you know if a rental apartment is a great deal?
It’s a question that will probably be asked by people in every city, and especially in Toronto, but if you live in a rental home and you want to know if it’s a good deal, you’ll need to know what it is.
What is the price?
Are there taxes, if any?
How long is the lease?
And how much is the rent?
The answers to those questions are the key to determining if a place is worth the money you’re paying.
For the uninitiated, a rental is an apartment, but it can also be a house, or a condo, or even a condominium.
The word rent is often used interchangeably with a mortgage.
When you borrow money for a home, you usually have the option of paying off the mortgage in a lump sum or monthly installments.
A mortgage is usually a fixed amount of money, and the mortgagee is responsible for paying it off at a certain date in the future.
A rental can be an arrangement for the owner to pay the rent and then, at some future date, the owner will get a mortgage on the rental.
It is a mortgage and not a loan, and there’s no guarantee that it will be paid off in a certain amount of time.
A short-term lease can be a short-lived rental agreement that lasts only a few weeks.
A long-term rental agreement, however, can last a year or more.
The difference is in the payment schedule.
A lease that’s one-month rent or a long-range lease is a long lease.
A shorter lease is one that lasts a few months and includes monthly payments, but the owner pays the entire amount over time.
What’s the deal?
A short term lease is the most common type of rental agreement in Toronto.
A one-year lease, on the other hand, is a shorter lease.
The longer the lease, the higher the rent, because the owner has the right to negotiate a price with the landlord.
A two-year rental agreement is also a short term, and it may have a long term as well.
The key to finding out if a short or long-duration lease is worth it is to understand the terms.
There are two basic types of leases in Toronto: short and long-lasting.
The term of a lease depends on the type of lease and the number of months in the lease.
It can be one year, two years, or longer.
There’s no hard and fast rule about how long a short lease is, though.
Short leases generally last two to three years, while long-lived leases usually last 10 years.
The rules are more complicated in Vancouver.
A longer-lasting lease is typically a longer lease that lasts more than two years.
A year-long lease in Vancouver typically lasts four to five years.
So, for example, if a two-month lease lasts two years and then a two year-plus lease, you should definitely check it out.
But what if you’re in the market for a new condo?
You’re probably already thinking about buying one of these condos, and you’re not going to want to give your landlord a chance to screw you over.
A new condo may have higher upfront costs, but you may have less to worry about in the long run.
If you’re willing to give up some of your equity in the new condo, you could probably get a longer-term, lower-cost rental.
And you could even get a more manageable deal if you don’t have a lot of equity in your new condo.
Here’s a guide to understanding the terms of a short and a long duration lease.
Short Term Leases What are the terms and conditions of a rental?
A long term lease has a certain number of years on it.
A landlord might extend a lease by two years or so, or the rent could be bumped up by $20 or $30 a month.
There could be restrictions on how many days in a year a landlord can extend the lease or increase rent.
You can’t cancel a lease without first giving your landlord the option to do so.
The rent may also be set aside for an extended lease, but this is rarely the case.
A month-to-month agreement is the best deal for short-time renters because the rent increases automatically, rather than having to ask the landlord to make a payment.
A lot of short-tenant landlords will give the option for an extension of a long time, which can be helpful if you’ve already paid the rent a few times.
The amount of rent that a landlord could increase per month during a short rental is usually limited by the amount of equity that you have.
If the lease is for a short period, a short tenant will probably pay more than a long tenant for a shorter-term agreement.
A few things to keep in mind: The amount you pay in rent is a fixed percentage of your annual income, and so if you