In a recent purchase of an Alberta fourplex, our client took over existing tenants. There was one utility service and utilities were apportioned between the tenants. The arrangement was that tenants would pay their rent plus an estimated portion of utilities. At the end of the year, the landlord would add up the actual utilities and either refund money or collect extra money from each tenant.
When our client took over, one particular tenant was on a month-to-month tenancy. It became immediately apparent that she was “one of those tenants!!” Continue reading →
Under Alberta’s Residential Tenancies Act, an inspection report must be made whenever a tenant moves into, or out of, a rental property. But what happens if you buy a property and can’t get the in/out report? Similarly, building permits for multi-family dwellings specify their maximum number of units. What happens if you buy a building that has illegal suites? This episode of Tales from the Trenches explains the legal issues of both inspection reports and occupancy permits in Alberta.
Download the audio file HERE. (control click or right click + save as)
Use the form below to contact Barry McGuire, veteran Edmonton real estate lawyer.
Podcast Episode 72:
“The Basics—The Legal Side of Landlording.”
In my 40-plus years of experience as a lawyer, I have observed many common situations that real estate investors have the same questions about. My answer is: it’s all about The Basics. One of those questions is how to be a landlord. As an attorney, I suggest that one of the most important parts of being a landlord is carefully following the legal rules for renting properties. In order to do this, you need to know the law in your area. Luckily, governments usually have all kinds of resources to help people who aren’t lawyers to learn the rules. You also need to have a system in place that makes sure you can consistently do things by the book. In this Tale from the Trenches, we have a property manager who unlawfully evicted a tenant, and a landlord who paid the price.
Download the audio file HERE and the text/handout HERE. (control click or right click + save as)