Questions about Short-Term Rentals .......
By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Questions about Short-Term Rentals ....... The 2015 Pan Am Games in Toronto are just 2 months away. Associated with it are questions about short-term rentals. Should landlords allow their tenants to rent out their properties to short-term visitors? The event begins on 10th July 2015 and is expected to draw 250,000 visitors, along with 10,000 athletes. Rental opportunities could be lucrative; some argue that this kind ‘payday’ should be considered. While others, prefer to avoid these types of short-term agreements. Short-term rentals can be dangerous in Ontario because Ontario landlords cannot charge a 'damage deposit' and if there are damages or the tenants leave a mess, the landlord won't have a damage deposit to pay for repairs or clean up.Some landlords are worried that their ten...
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