6-STEP PLAN FOR RENTING OUT YOUR CONDO
- Review your Rules & Regs.
- Lease with an expert.
- Set the right price.
- Find the right tenant.
- Cross your T's and dot the I's on your lease agreement.
- Make sure you're properly insured.
Thereof, how much is it to rent a condo in Toronto?
In fact, the average one-bedroom condo rental in the city is currently $2,262 per month – an increase of 4.5% – in the third quarter of 2019, while the cost of a two-bedroom rose 4.2% to an average of $2,941, according to the Toronto Real Estate Board.
Secondly, how do I find condos for rent?
Condos 101: How to Find a Condominium For Rent
- What Is Condo?
- Write Down Your Needs.
- Decide Whether You Need Your Condo To Be Furnished.
- Walking Distance From Your Office And All Amenities.
- Check The Neighborhood's Walkability Store.
- Get A Higher Floor.
- Don't Rent a Condo Facing a Courtyard.
- Avoid Areas Where Condos Are Being Developed.
How do I find rentals in Toronto?
Here are our top 14 picks (spoiler alert: the 2nd one's us :)) for Toronto's best apartment rental websites for finding the perfect rental:
What to know about renting out a condo?
6 Things You Need to Know Before Renting Out a Condo
- Your HOA Might Not Allow Rentals.
- The HOA May Have Rules Governing How Rentals Are to Be Handled.
- The HOA Might Be Strict With Tenant Approval.
- Factor in Your HOA Fees.
- Get Your Tenant Up to Speed on the Rules.
- You and Your Tenant Should Both Have an Insurance Policy.