COMMERCE 4FP3 Chapter Notes - Chapter 7: Credit History, Interest Rate Risk, Reverse Mortgage
23 Jan 2017
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Document Summary
Factors to consider when selecting an apartment (5 things): building exterior, building interior, financial aspects, layout and facilities, location (what"s near it) Note: the canadian charter of human rights protects your right to rent any apartment without discrimination. Residential tenancy act: an act that sets out the rights and obligations of tenants and landlords; specific to each province. A legal document that defines the conditions of a rental agreement and provides protection to both the landlord and tenant. Some leases give you the right to sublet the rental unit. Assures you of: habitability, prompt return of your security deposit, advance notice of rent increases and eviction. Some costs of renting (2 costs): utilities (sometimes, water is atleast covered in the rent payment, renter"s insurance. Prefabricated homes (a type of manufactured home; components built in a factory and then assembled at the housing site)
