The Spring Team Real Estate

Who do you know (maybe you?) who has a strong business (products or services) and would be open-minded to collaborating with our real estate team, The Spring Team Real Estate?

We're reviving our SpringPRO Rewards Program for our clients & database.

So, once a month, we want to feature your business in an email to our database and offer them a super awesome incentive, unique offering, or anything fun and creative that you can come up with.

If this tickles your fancy, comment below and I'll DM you the form to fill out with your details :)

Let's get it!

I'll just come out and say it: The 𝐡𝐨𝐦𝐞 𝐢𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 should be a 𝒕𝒐𝒕𝒂𝒍 𝒏𝒐𝒏-𝒏𝒆𝒈𝒐𝒕𝒊𝒂𝒃𝒍𝒆 𝒇𝒐𝒓 𝒃𝒖𝒚𝒆𝒓𝒔.

Why? Because if anything is found, you are free to back out of the contract - no strings attached.

The only caveat is if a seller requests that you waive the inspection as a condition of accepting your offer. But as the market has tilted away from sellers this fall, I’ve got my fingers crossed that all this contingency waiving is largely a thing of the past.

Keep in mind that an inspection contingency comes with a deadline of three to five days, so you need to be ready to make some quick decisions once you receive the inspection report. Red flags 🚩 that should give you pause include:

🚩 Foundation issue
🚩 Termites
🚩 Water damage

Roof concerns

When it comes to a less-than-stellar inspection, you have to weigh how much risk, investment, and seller negotiation you’re comfortable with for a house you love.

Have other questions about buying? Drop them in the comments below, and I’ll reply!

Hi, Mojgan here!

Here is a question I often hear from my landlord clients.

Do I have to sign a Standard form of Lease?

Short answer...Yes!

In Ontario, most residential landlords are required to use the Residential Tenancy Agreement (RTA) also known as the Standard Form of Lease for all new leases. It applies to most residential tenancies in Ontario (ie, condos, basement apartments, houses-single and semis, etc).

It gives landlords and tenants clarity on their rights and obligations and to eliminate misunderstandings and illegal clauses in lease.

The use of the Standard Lease Agreement is mandatory for all applicable tenancies. Once it’s completed and signed, it is a legally binding agreement.

If tenants sign a lease that does not use the Standard Lease Form, they can request one in writing from their landlord. The landlord has up to 21 days to provide it. Tenants can hold back one month’s rent (not more) if a landlord fails to provide the Standard Lease within 21 days after their written request. If they still don’t receive it, they can end their fixed-term lease early.

If you are fully informed and prepared, renting out your home can be a great source of income, as it can help you pay down debt or to save money. If you are a homeowner and are considering renting out your home/ investment property, reach out to see how my team and I can help you.