New build in ontario. Can you get out of hot water rental contract before it even starts?
They said they've chosen the site, model, optional upgrades and signed based on conditions of financing. Next stop is the bank. I don't have any more info than this.
What i do want to recommend to them is to not have a rental water heater. Before i start throwing information at them i was wondering how this usually goes down with neighborhood developers. I'm assuming the developer partners with whatever the local provider is to have a rental tank installed by default. It either isn't mentioned or it's a footnote that they hope you don't bother to look at. That's how it was with me 15 years ago.... grrr.
My hope would be that they can sign something to opt out of the rental hot water tank at no cost to them. They then have to separately arrange to buy and have their own hot water tank installed. But then i wonder if the developer won't allow other random work crews onto the site so how does one schedule this. Makes me think the developer will refuse to allow anything other than their approved crew to do it and their approved crew only does rental heaters from their partner. Hence why i'm asking the question.
- Can you ever negotiate out of this when you're buying a package house from a developer or are you pretty much stuck?
- Can you get out of it without paying a massive fee? in these forums i once heard one guy said he "got out" of it by paying $6000 to the developer to buy it outright.
That's essentially just paying the contract cancellation fee up front. I'm hoping you can just avoid the contract and get your own installed.
- If you can, do you have to do this while signing the initial paperwork or is this something they can do in the coming months. They're all stunned and stressed about the fact that they're actually buying a house and i don't want to flood them with worries right now on day one unless i have to. If this can be figured out later i'll let them do their financing and whatnot right now and give them this info once that's settled. But if it's important to do it before they sign anything else then that's what i want to know.
Any help appreciated.