Monday, March 17, 2014

Does this count as a rental property?

I am in London, Ontario, Canada.

I have bought a house for my parents to live in. They will be paying their own bills and property taxes, and will be making a small contribution to the mortgage (enough to cover the mortgage interest).

The city has asked me if this is a rental unit, in which case I'll have to get a Residential Rental Unit Licence and pay for inspections etc.

Does it count as a rental unit in this situation?

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