by Manvir Singh Basra | Oct 28, 2023
RECO stands for the Real Estate Council of Ontario. RECO is a self-managed, not-for-profit corporation that is responsible for governing real estate professionals in the province of Ontario, Canada. Its primary purpose is to protect the public interest by enforcing...
by Manvir Singh Basra | Mar 23, 2024
What is Rent Roll? A rent roll is a document or spreadsheet containing details about rental properties under management, summarizing the rental income expected to be received from tenants. It typically includes information such as tenant names, lease start and end...
by Manvir Singh Basra | Oct 14, 2023
In Ontario, the Right to Lease During Interim Occupancy refers to the legal provision that allows a condominium buyer to lease the unit they have purchased from the builder during the interim occupancy period. This period occurs after the construction is complete but...
by Manvir Singh Basra | Aug 18, 2024
A speculative investment in real estate refers to purchasing property with the primary goal of making a quick profit based on anticipated future price increases, rather than the inherent value or long-term rental income potential of the property. This type of...
by Manvir Singh Basra | Sep 18, 2023
TDS – Total Debt Service: It is a financial metric used by lenders to assess a borrower’s ability to manage their total debt obligations, including housing costs mortgage payments, property taxes, heating costs and other debts such as loans, credit card...
