Messages

1

Questions and Answers / Re: Tax sales in Quebec

« on: February 12, 2009, 08:51:09 PM »

Rob,

You just identified the biggest bitch that landlords in quebec have.  Getting rid of a non-paying tenent (residential) is almost impossible.

The easiest way is to serve them notice of eviction and also send a copy of the letter to the rent review board saying that you will be replacing the tenents with family members.  This can take 2-6 months.

If the building isn't going to be occupied by family members, then getting rid of them can take months.  The best insurance is to have a mortgage on the building.  This way you can prove to the rent review board that you need their rent to cover the mortgage.

If you want detailed info on this, I suggest looking up the website for the rent review board.

Thanks

2

Questions and Answers / Re: Tax sales in Quebec

« on: February 11, 2009, 03:36:10 PM »

Thanks for the opinion

Thats my guess as well.

The other thing I just thought of is that if the property is residential and has renters, then under Quebec you can not evict them unless you are going to using the house for family members.

I am starting to have second thoughts about trying to do a deal in this province.

THanks

3

Questions and Answers / Tax sales in Quebec

« on: February 09, 2009, 09:12:11 PM »

Hi everyone,

I just found this site and I love it.

I have a question concerning property in Quebec.   For example if I buy a house through a city auction; its my understanding that the original owner has one year to reclaim the property, paying me back what I have paid plus closing fees.

In Quebec there is something called a welcome tax which everyone pays when they purchase a property.  Its based on a percentage of the appraised value.  Since I only have a precarious ownership to the property for the first year, do I have to pay the welcome tax if I bid and win the property.


Thanks

Mtldude