In the wake of the coronavirus pandemic, many condo owners and their tenants are looking to find another home.
Here are a few tips on how to find a new condo and how to make the most of the time you have.
Don’t be a second-guesser When you sign up for a new tenancy, you don’t get to decide what you want to do with the property.
That’s because the new tenancy agreement gives you some control over what happens.
There are some conditions, such as keeping certain areas clear and maintaining a minimum occupancy of 25 per cent of the unit.
But if you decide to sell or lease, the new owner of the condo can’t dictate what happens on the property, including how the building looks, what amenities it has and what people can and cannot enter or leave.
The new owner also has the option of keeping a portion of the property for a specific period of time, but if the lease expires, the owner has to sell the remaining portion.
Consider what’s going on inside 1.
If you’re worried about being too loud, don’t put up a sign.
The sign you’re looking at will show the maximum noise level and the area it will be posted to.
However, the sign is not meant to be a guidepost.
You have to determine what’s most important to you.
If a building is crowded, for example, that may mean that you should not put up that sign.
Be flexible If you want a bigger unit, go for it.
There is no right or wrong answer.
If the condo has a large living room or a large kitchen, a larger kitchen or an open living area may be more appealing to you than a smaller one.
Ask for specific information There are a lot of different things that can go wrong if you don