Financial Services _Çô Client Services RFC121 Chapter Notes - Chapter 7: Down Payment, Housing Cooperative, Property Insurance

• School: Seneca College
• Department: Financial Services _Çô Client Services
• Course: Financial Services _Çô Client Services RFC121
• Professor: Peter Wan

Document Summary

Rfc 121 chapter 7 the finances of housing textbook notes. Do(cid:374)"t ha(cid:448)e to (cid:272)are a(cid:271)out (cid:373)ai(cid:374)te(cid:374)a(cid:374)(cid:272)e a(cid:374)d repairs. Mostly only first months pay unlike down payment on a home: disadvantages. Rent increases: no control over it. Limited activities can do in the residence: noise, parties, pet, d cor. Additional lease terms: oral leases are also valid. One party must give 30-day written notice before terminating the lease or imposing a rent increase: protects tenant. Unless contains a provision to allow an increase: protects landlord. Legal action against tenant for non payment of rent or distruption of property and repossess premises. Renting rights: canadian charter of human rights protects your rights to rent any apartment without discrimination. Race, colour, gender, pregnancy, sexiaul orientation, civil status, age, religion, political conviction, language, ethnic or nation origin, social condition, handicap. Home-buying process: step 1: determine home ownership needs. Building with two separate homes: townhouses.