What people don't get is that rental guarantees are basically rebates. It is NOT a promise or indicator of what rents will be in 3-6 years.
I agree but so was that interest on your deposit for that project in the distillery and people were saying how it was such a great promotion. It's all just marketing.CondoMan98 wrote: ↑ What people don't get is that rental guarantees are basically rebates. It is NOT a promise or indicator of what rents will be in 3-6 years.
These rental rates are not reasonable and they will subsidize you for two years as thanks for buying out their overpriced condos.
All I care about is price and location. Throwing in a locker and parking can be good too.
Rental Guarantees are typically rebates from Real Estate Agents
Yes but my point is they're basically both rebates.deal_with_singh wrote: ↑ Rental Guarantees are typically rebates from Real Estate Agents
Interest on your deposit was an incentive from 28 Eastern's Developer.
raxen wrote: ↑ Watch out for guaranteed rental agreements. I'll just leave this here...
https://financialpost.com/personal-fina ... incentives
CondoMan98 wrote: ↑
Wow.
Like I said, rental guarantees are NOT an indication of how rental rates will be in 4-6 years. They are rebates offered by builders to entice buyers to buy their overpriced condos. And typically, builders do not even offer these incentives at launch. They usually introduce rental guarantees after all of the best units are gone and after they have already raised priced since the VIP launch. So, if you are even getting this guarantee you already missed the boat IMO.
Just go to a platinum broker and avoid all of this.
This article was written about 1 year ago, and mentions that these leaseback guarantees became available since 2015.raxen wrote: ↑ Watch out for guaranteed rental agreements. I'll just leave this here...
https://financialpost.com/personal-fina ... incentives
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