register | confirm account | forgot password
Karen Jardine - CIR Realty
#100 707 10 Ave SW, Calgary, Alberta
P: 403-874-2712
F: 403-000-0000
Email
Photo and business card details widget
Karen Jardine
Agent Photo
Email MeEmail:
Latest Blog Button
Button advertising your blog
Blog
MLS® Search Button
Button advertising your MLS® Search page
Map-based MLS® Search

Monday, February 3, 2020 - Secondary Suites

So you have viewed THE perfect home, and it has an illegal suite. What does that mean for you? How does this affect you? Firstly, check to see if it is legal, by checking the address online with the City of Calgary's legal suite registry: https://secondarysuites.calgary.ca/

If its legal, you can rent it, live in it, enjoy all the regular benefits of home ownership.

If its illegal, keep in mind you may not get a mortgage. Your insurance may not insure it. The City could come and remove the suite -- and you cannot rent it. You may be willing to risk it, though the institutions supporting the purchase may not support this purchase. They have to protect their best interests and an illegal suite may not fit within their portfolio.

Research BEFORE you buy. Know your risks.

#secondarysuite #calgaryillegalsuite #knowyourrisk #calgaryrealestate #karenjardine #buyerbeware

posted in General at Mon, 03 Feb 2020 21:33:21 +0000



This site's content is the responsibility of Karen Jardine, licensed REALTOR® in the Province of Alberta.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2020, All Rights Reserved | Privacy Policy | Mobile Site | REALTOR® Websites by RealPageMaker