OCCUPANCY

Everything you need to know about How Your Occupancy Works, and the Steps You Need to Take!

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What to Expect as You Close

Pre Occupancy:

  • Investor

    • Connect with All-Star Team

    • Pay remaining installment (In most cases)

    • Perform PDI with builder’s representative

  • Real Estate Lawyer

    • Assists With Interim Occupancy Closing

  • Leasing Team

    • Goes over rental evaluation and marketing options

  • Insurance Broker

    • Home insurance is required for Occupancy

  • Mortgage Broker

    • Begin financing plan

    • Note: you do not need a mortgage approval for occupancy

Occupancy

  • Investor

    • Arrange key pick up with leasing team

    • Review prospective tenants’ rental applications

  • Leasing Team

    • Begins marketing and showing unit to prospective tenants

    • Screens and draws up lease when tenant is accepted

  • Mortgage Broker

    • Finalizes mortgage financing plan

Closing/Registration

  • Investor

    • Pay closing costs

      • Land Transfer Tax

      • HST

      • Developmental Charges

      • Legal Fees

      • Mortgage Appraisal (In some cases)

  • Real Estate Lawyer

    • Assists with closing process

  • Insurance Broker

  • HST Rebate Specialist

    • Will assist in applying for your HST rebate once condo has closed

    • Note: a one year lease needs to be signed before HST rebate can begin

  • Statement of Adjustments

    CLICK HERE

    Access a Sample Statement of Adjustments, to better understand the breakdown of costs for your Occupancy and Registration.

  • Occupancy Presentation

    CLICK HERE

    Access an Occupancy Presentation that will walk you through key points and deliverables for your occupancy.

  • The Poet - CMA

    CLICK HERE

    Access your Comparative Market Analysis from the expert team at REC Canada.

  • Artform - CMA

    Click Here

    Access your Comparative Market Analysis for Artform Condos here.

  • Westport - CMA

    Click Here

    Access your Comparative Market Analysis for Westport Condos here.

  • The Keeley Condos

    The Keeley Condos - CMA

    Click Here

    Access your Comparative Market Analysis for The Keeley Condos here.

  • 1 Jarvis - CMA

    Click Here

    Access your 1 Jarvis Comparative Market Analysis here.

  • Harbour Ten10

    Click Here

    Access your Harbour Ten10 Comparative Market Analysis here.

  • The Landing

    Click Here

    Access your The Landing Comparative Market Analysis here.

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