Questions near high regard to renting your own condominium?
I was inept to find a few details with high regard to renting my own condominium.
1. Who pays the condominium fees - the tenant or the owner? Also would like to know how much the condo levy will amount to each month?
2. what is the property import tax percentage in vancouver?
3. The property excise is paid by the tenant or the owner or do they split the export tax? if they split the tax? what is the split percentage?
4. Maintenance fees - how much is it on average per month?
I would resembling any information regarding these question as i am completely lost with these.
Answers: 1 - usually the renter, it covers the litter, landscaping, pool, etc.
2 - rewarded by owner, so does not matter to renter
3 - fully rewarded by owner, s/he can not require a renter to pay property due.
4 very huge variety, respectively will be different, but count on 300
You really should spend a few bucks and consult next to a tax planner and/or property government company.
You need to know the long occupancy tax implication and have a brass flow plan -
Good Luck
The owner pays for everything 1, 3, 4.
BUT, It is all included surrounded by your rent, including the water, parking, insurance. Your rent covers everything, so essentially, nothing comes out of your landlords pocket but a few incidentals. That is how rent works.
Landlord
Usually the lessor (owner) charges the lessee (renter) an amount that will encompass module or all of the fees associated beside the condo (mortgage, condo fees, water, taxes, maintenance) because THE OWNER IS SOLELY RESPONSIBLE for these fees. The trick is to cover adjectives these expenses but still keeping the monthly rent competitive to other nearby properties. Also you might want to check your condo bylaws to know your monthly fees and to create sure you are even allowed to rent out your property. If you don't know what your tax rate is send for the government or your lender.
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1. Who pays the condominium fees - the tenant or the owner? Also would like to know how much the condo levy will amount to each month?
2. what is the property import tax percentage in vancouver?
3. The property excise is paid by the tenant or the owner or do they split the export tax? if they split the tax? what is the split percentage?
4. Maintenance fees - how much is it on average per month?
I would resembling any information regarding these question as i am completely lost with these.
Answers: 1 - usually the renter, it covers the litter, landscaping, pool, etc.
2 - rewarded by owner, so does not matter to renter
3 - fully rewarded by owner, s/he can not require a renter to pay property due.
4 very huge variety, respectively will be different, but count on 300
You really should spend a few bucks and consult next to a tax planner and/or property government company.
You need to know the long occupancy tax implication and have a brass flow plan -
Good Luck
The owner pays for everything 1, 3, 4.
BUT, It is all included surrounded by your rent, including the water, parking, insurance. Your rent covers everything, so essentially, nothing comes out of your landlords pocket but a few incidentals. That is how rent works.
Landlord
Usually the lessor (owner) charges the lessee (renter) an amount that will encompass module or all of the fees associated beside the condo (mortgage, condo fees, water, taxes, maintenance) because THE OWNER IS SOLELY RESPONSIBLE for these fees. The trick is to cover adjectives these expenses but still keeping the monthly rent competitive to other nearby properties. Also you might want to check your condo bylaws to know your monthly fees and to create sure you are even allowed to rent out your property. If you don't know what your tax rate is send for the government or your lender.