Hey everyone,
I was wondering if anyone has any experience with rental increases secondary to renovations in the province of Ontario.
For example, let`s say I wanted to renovate my apartment building and needed the tenants to leave, can I do this? Also, can I raise the rents after?
I know that this is a proven strategy for wealth creation, but also highly scrutinized by the tenant boards.
What do you all think about this?
Thanks
Josh
I was wondering if anyone has any experience with rental increases secondary to renovations in the province of Ontario.
For example, let`s say I wanted to renovate my apartment building and needed the tenants to leave, can I do this? Also, can I raise the rents after?
I know that this is a proven strategy for wealth creation, but also highly scrutinized by the tenant boards.
What do you all think about this?
Thanks
Josh