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Condo, Can I Get Renovations Done While Renters Are Living In It?

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  • Jul 12th, 2020 7:00 am
Deal Addict
Sep 8, 2017
4635 posts
4894 upvotes
GTA
Why don't you move out, have the renovations done in a month, and then rent it?

I'd be pissed if the landlord made me put up with a big renovation and contractors in the unit everyday.

For what? So that you don't miss out on 1 month's income?
Deal Guru
Jan 25, 2007
12159 posts
7351 upvotes
Paris
derass wrote: Why don't you move out, have the renovations done in a month, and then rent it?

I'd be pissed if the landlord made me put up with a big renovation and contractors in the unit everyday.

For what? So that you don't miss out on 1 month's income?
I’d pay less seeing an apartment that needed renos that were happening soon than seeing a finished place.
Deal Expert
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Jun 12, 2007
18960 posts
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London
I'm guessing this place was built before Nov 2018 ?
Once OP sets the rent , isnt it going to fall under rent controls ?
So if it has a tenant while it's under construction, the discounted rent falls under rent control, even after renovations are completed and also for subsequent tenants?

It would seem to me it would be better to keep it vacant till renovations are complete. This allows a higher rent under existing rent controls?
[OP]
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Nov 16, 2004
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Toronto
l69norm wrote: I'm guessing this place was built before Nov 2018 ?
Once OP sets the rent , isnt it going to fall under rent controls ?
So if it has a tenant while it's under construction, the discounted rent falls under rent control, even after renovations are completed and also for subsequent tenants?

It would seem to me it would be better to keep it vacant till renovations are complete. This allows a higher rent under existing rent controls?
The way things fall, that's probably what's going to end up happening if we move between August and October of this year (which there's a probability of happening).
I'll look into what you're talking about, I'm not familiar. Thanks. Old condo, yes.
derass wrote: Why don't you move out, have the renovations done in a month, and then rent it?

I'd be pissed if the landlord made me put up with a big renovation and contractors in the unit everyday.

For what? So that you don't miss out on 1 month's income?
I just thought a month would be too optimistic. There's always other issues coming up / delays
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Jul 31, 2017
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The kind of tenant you'll find who will trade lower rent for living in a shambles, is probably not the type of tenant you want long term

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