LEASING 101

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Comprehend, Reflect, Execute.

WHY LEASING MAY BE A GOOD OPTION

Securing a lease in the current market presents significant challenges. While homeownership is a lifelong aspiration for many, it is not suitable for everyone. Although homeownership rates are presently elevated, this has not always been the situation. Historically, families have had to either construct their own residences or lease them from others. Despite its drawbacks, renting offers certain benefits that may align better with the financial situations of some individuals.

WE ARE HERE FOR YOU

It is essential to engage the services of a qualified REALTOR when seeking a property to lease. My role extends beyond mere transactional assistance; I will guide you through every step of the process, ensuring a seamless experience. You can depend on my expertise to help you identify and secure the home that best meets your needs and preferences.

LEASE VS. BUY, WHAT'S RIGHT FOR YOU?

5 ADVANTAGES OF LEASING

- 1 -

Minimal maintenance responsibilities and costs are a significant advantage of renting; when a toilet becomes clogged, tenants can simply contact their landlord for assistance, a scenario that is less enjoyable for homeowners who must handle such issues themselves.

- 2 -

Homeownership entails various financial obligations beyond the mortgage, including property taxes, maintenance fees, utility bills, and insurance, all of which must be considered in the overall budget.

- 3 -

Tenants have the flexibility to relocate annually if they are dissatisfied with their neighborhood, while the financial advantages of homeownership typically accrue over a longer period. For those with a short-term outlook or a reluctance to commit, renting may be a more suitable option.

- 4 -

Renting is often more cost-effective when it comes to moving, as buyers incur land transfer taxes, commissions, and legal fees during transactions, which can add significant expenses.

- 5 -

Monthly costs can frequently be lower for renters compared to homeowners, particularly for those without a substantial down payment. However, it is important to note that renting means contributing to someone else's mortgage rather than building equity in one's own property.

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EMAIL: Gina.Zheng@Century21.Ca

OFFICE: (905) 579-7339

TEXT: (905) 925-9258

CELL: (647) 830-1719

Century 21 Infinity Realty Inc. Brokerage

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