All Topics / Help Needed! / Own Property as a Rental Unit

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  • Profile photo of GunatilakaGunatilaka
    Participant
    @gunatilaka
    Join Date: 2022
    Post Count: 0
    February 22, 2022 - 6:23 pm

    Hi

    We got out own house but had to rent it for 4 years as of personal issue.  Then we occupied our own house recently.

    The question I have is:

    • Do we have to get our house removed as a rental unit?  If so, what is the process.

    We contacted few times our Real Estate agent but no reply.

    Thanks in advance.

    Nalin

     

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416
    February 24, 2022 - 2:27 pm

    Hi Nalin,

    I think you need the advice of a Lawyer or an Accountant for that one.  There are one or two things that would be advantageous to do, relating to the fact that you are now in the property personally.  I’ll leave it to someone else to go through the ins and outs, as I don’t have all the knowledge, nor the requisite licencing to help you,

    Benny

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