Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Canadian Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

35
Posts
27
Votes
Jamie Blair
  • Brockville, Ontario
27
Votes |
35
Posts

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

Jamie Blair
  • Brockville, Ontario
Posted

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??

Loading replies...