For each new tenant (when a one year lease agreement or longer is signed) a one time payment of 50% of 1st month rent is charged. This administration fee is reduced to 25% when a six-month agreement is signed.
For the monthly management fee a 6%-8% of the monthly rent is charged (with a minimum fee of $100.00) Percentage rate differs depending on the age and condition of the rented property.
For inspections by request there is a $50 charge.
For legal action, arbitration, or strata meetings, the actual costs plus a $50 fee for appearance on such meetings is charged.
All charges are subject to 12% HST.
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