News   Jul 16, 2024
 633     0 
News   Jul 16, 2024
 574     0 
News   Jul 16, 2024
 714     2 

Builder Approval during occupancy period for lease?

br1828

New Member
Member Bio
Joined
Jun 1, 2010
Messages
6
Reaction score
0
I tried to search for any information on this forum without any hits so I apologies if this post is in the wrong location.

I have a condo unit that will soon be in Occupancy phase. In review the contract, it clearly states that I can not list, advertise of for lease of the unit during the occupancy without the builder's approval. I'd like to ask if anyone has had experience or luck with getting this approval from the builder to lease during occupancy? I see many ads on Kijiji and Craigslist for the units in my building for lease that are clearly in violation of the contract and as I understand, builder could terminate the contract under purchaser's default. Does any member have experience with being confronted by the builder regarding this? Any feedback would be appreciated.
 
During the recission period we negotiated with the builder to allow us to lease it out at a one time $500 fee. You can try to amend the contract but some builders are too busy to even care at this late in the game. Goodluck
 

Back
Top