Purchasing a property: rent that was listed doesn't match lease!

[Jamie Blair]

Hi All! I'm getting into the detail/documents of the most recent property that I'm in the process of purchasing (in Ontario!), and I've came across a small discrepancy. The MLS advertised rent, and the rent that was listed in the APS, was $1000 for one of the units.....the property management company that the previous owners were using took 2 weeks to send us the lease, and now that we have it, we see that it actually states the unit is renting for $950 (lease was signed in 2017). Now perhaps with rent increases, the tenants are in fact paying $1000, but there doesn't seem to be any documentation of that. Normally we would just sign a new lease with the tenants, but the mortgage company is asking for documentation of the $1000 rent.

Is there any kind "current status" form that we could request that would capture this info??

[Sean Ross]

estoppel letters, Use your realtor to get a signed copy from the seller and tenants.