Selling a Property with a Rental Suite - What issues are there?
Posted by Steve Harmer on
Your rental suite may be a big plus when it comes to selling your home, but there are issues to consider.
Selling a home with an income-generating rental suite has many advantages to potential purchasers, thus giving you, the seller, an edge on the competition in today's evolving real estate market. In general, a rental suite is qualified when the secondary accommodation has its own separate entrance, a kitchen, living area and a bathroom with either a shower or bathtub.
But what type of suite does your property contain? Is it a legal authorized suite, an authorized illegal suite or an illegal unauthorized suite? Let's explore the differences.
A legal, authorized suite is a suite that meets the conditions of your local municipalities zoning…
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