Enjoy all the perks of hotel living at the SoHo Condo! Centrally located at 350 Wellington, this one bedroom unit measures in at over 600 sq.ft.
The condo features an open concept living and dining room, large kitchen area and a spacious bedroom with ample space. Its also one of the few remaining condos in the city that has Heat, Ac, Water and Hydro included in the monthly rent.
Enjoy all the hotel amenities including Full Size Gym, Steam Room, Sauna, Salt Water Pool, And Concierge.
Take in some of the finest city views around! Perched on the 18th floor is where you’ll find this spacious 2 bedroom and 2 bathroom condo. At nearly 800 sq.ft. (including balcony), the open concept living and dining areas are perfect for entertaining guests.
Two large bedrooms on either side of the condo provide space and privacy. The main bedroom also features an ensuite bathroom complete with tub and shower.
Spanning the length of the condo is your very own private balcony with panoramic views of the downtown core. Upgrades include: wide plank flooring, countertops, kitchen faucet, laundry and extra closet storage. One parking spot and locker is also included.
The building comes well equipped with two gyms, an outdoor pool, steam room and bbq area. 24 hour concierge and plenty of visitor parking complete the building. You’ll also love the newly opened park at the rear of the building!
If you are a landlord in Ontario wanting to move back into your rental property, then this post is for you!
In the past, all you had to do was simply notify the tenant of your intention to move back in, and the tenancy would effectively come to an. (with proper notice of course)
Unfortunately, many (shady) landlords weren’t using this method in the most honest of ways. Instead of moving back-in, some landlords would simply relist at a higher price. Naturally, this displaced many tenants resulting in unnecessary moves and extra costs. The Ontario government quickly got wind of this and moved swiftly to shut the loophole down.
As of September 1st, 2017, the rules surrounding how and who can move back in have changed significantly. As per the Landlord Tenant Board: A landlord may apply to terminate a tenancy on the basis the rental unit is needed for use by the landlord, the landlord’s family member, or a person who provides or will provide care services to the landlord or landlord’s family. Notice how they didn’t say cousins or even siblings? It must only be an immediate family member, and the move must be in “good faith”.
You also to compensate the tenant for displacing them. Yes, you read that right – landlords now have to: compensate the tenant in an amount equal to one month’s rent or offer another rental unit acceptable to the tenant.
Examples of Evicting a Tenant as Bad Faith
Some examples the board provides of termination in bad faith include:
advertises the rental unit for rent;
enters into a tenancy agreement in respect of the rental unit with someone other than the former tenant;
advertises the rental unit, or the building that contains the rental unit, for sale;
demolishes the rental unit or the building containing the rental unit; or
takes any step to convert the rental unit, or the building containing the rental unit, to use for a purpose other than residential premises.
These provisions only apply during the period that begins on the date the landlord gave the tenant the notice and ends one year after the former tenant moves out of the unit.
Fines or Remedies
If a landlord is caught breaking the rules, the LTB may order the landlord to pay:
a specified sum to the tenant for all or any portion of any increased rent that the former tenant has incurred or will incur for a one-year period after vacating the rental unit;
reasonable out-of-pocket moving, storage and other like expenses that the former tenant has incurred or will incur;
an order for abatement of rent;
an administrative fine not exceeding the greater of $25,000 and the monetary jurisdiction of the Small Claims Court; or,
any other order that the LTB considers appropriate.
Steps a Landlord Must Take to Move Back Into Their Rental Property
If you and your family truly do need to move back into a rental property – make sure you follow all the correct procedures:
Give proper notice.
Compensate the tenant in an amount equal to one month’s rent or offer another rental unit acceptable to the tenant.
Ensure only you or an allowable family member is moving back in and that the move is being done “in good faith”
With a max fine of up to $25,000, going about it in the wrong way is no slap on the wrist! Full details can be viewed on the Landlord Tenant Board website… and of course, none of this is to be taken as legal advice – just my experience in the wild world of Toronto Real Estate.
The Ontario Government is introducing a new standard lease for all residential rental agreements in Ontario! All residential leases signed on or after April 20th, 2018 will have to be written on the new forms and this will include all single and semi-detached houses, apartment buildings, rented condominiums and secondary suites (such as basement apartments).
Where Can I Download a Copy of the New Lease Agreements?
Why is the Government Introducing the New Standard Lease Agreement?
As part of the Ontario governments Fair Housing Strategy – they promised to overhaul the process and create a standardized lease agreement. The purpose of the change is to make the wording of residential leases consistent across the province. For years, many agreements have included clauses and conditions that are not allowed in a lease as per the Residential Tenancies Act.
How Has The Wording Changed in the New Lease Agreements?
The new agreements are written in a easy to understand language and go further in-depth than the current lease docs being used. It also outlines the rights and responsibilities of both tenants and landlords, and explains what can (and cannot) be included in a lease.
You may have been using the same lease for years, not knowing that the clauses and conditions in it were not allowed. For example, the new agreement states that a landlord can only ask for a deposit equal to 1 month of rent. Many (us included), have made it standard practice to ask for First and Last month as a deposit. Another example is in regards to the NSF charge a landlord can ask for when a cheque bounces. We’ve seen leases that require a $50-200 fee – a sum that is way over the $20 allowed by The Act. The new agreements very clearly state that no more than $20 can be charged as a fee for Non Sufficient Funds.
Although these items may seem like a change – remember, these were the rules all a long – they weren’t very well enforced or made clear in past contracts.
Is This Going to Change Rental Values
It’s unlikely to have much of an impact (up or down) on values. This is more a change of process as opposed to a change of policy.
Are There Exceptions to Those who use the New Lease Agreements?
The standard lease form does not apply to most social and supportive housing, retirement and nursing homes, mobile home parks and land lease communities, or commercial properties. The government will develop separate standard leases to address these other types of residential tenancies.
Can I Still Add My Own Clauses to the New Standard Leases?
The 15th Clause of the new agreement states that a landlord and tenant can agree to additional terms provided the term are written in plain language and clear set out what the landlord or tenant must or must not do to comply with the term. If a term conflicts with the Residential Tenancies Act, 2006 or any other terms set out in the lease, the term is void and cannot be enforced.
