SOCI 364 Chapter Notes - Chapter 9: Social Insurance Number, Credit Score, Single Room Occupancy
Document Summary
Renting is suitable for people who don"t want to be tied down by lowered property values, have the flexibility of moving, don"t want maintenance fees. Landlords also benefit by being able to pay mortgage and gain income at the same time. Housing costs should be less than 30% before income (housing costs include utilities, rent, municipal services) Rooming house: shared accommodations that are short term. How many people will live in the home (including pets) If there are plans to have more children. There are two types of rental agreements --> written and verbal. Deposits should be equal to 1 months rent (also with interest) Landlords need to ensure health + safety + maintenance + housing --> it also needs to meet current government legislation (e. g. zoning) it also needs to meet current government legislation (e. g. zoning) Landlords can"t lock out residents if they do not pay their rent/renters can"t not pay rent.
