WHAT IS A CONDOMINIUM?

A Condominium Corporation is a method of property or building ownership, whereas units are owned by individual owners rather than one owner for the entire building. The units in our buildings are managed by a management company acting as the Landlord’s Representative which is KW4Rent.

It is our commitment at KW4Rent to ensure you have a convenient experience, and as a result, our management team will coordinate communication and property management directly with your unit owner and the condominium corporation. We’re here to give you the personal service you deserve.

RULES AND BYLAWS

Buildings that are a Condominium have different rules and regulations than those of a traditional rental property under the Residential Tenancy Act (RTA). The rules and bylaws are created from the Board of Directors which consists of the individual private owners.

For example, in a traditional rental building, the RTA would not be able to have restrictions on the type or colour of window covering a resident might have, but a Condominium Corporation could enact rules that prescribe only white coloured window coverings.  Same with respect to pets, a condominium may pass and enact rules that prohibit certain types of pets that one might be allowed to have in the building.

To view the list of rules and bylaws for our buildings, please reach out at, condoleasing@kw4rent.com.   

PROPERTY MANAGEMENT

As KW4Rent manages your unit on behalf of the owner, we encourage all tenants to have the utmost respect and care for the suite, and its furnishings. This will prevent you from incurring damage charges while also allowing us to maintain the utmost quality for our beloved tenants and owners.

If you see any issues or need to submit a work order, please do so by using your tenant portal and our KW4Rent maintenance team will be happy to assist and facilitate on behalf of the unit owner.

 

INSURANCE

The tenant is responsible to insure all their personal belongings and contents. It is strongly recommended that a tenant insurance policy is purchased which will not only cover the personal contents but also liability insurance. A tenant may be held responsible for damage caused to the unit and other units in the condominium, so it is crucial to have enough public liability insurance. Parents can usually add their son/daughter’s residence as an “additional property location” to their own home policy at a very reasonable cost.

MONTHLY PAYMENTS

 

Per your tenancy agreement, you are required to pay your stated rent amount on the 1st of each month directly to KW4Rent.

 

TAX RECEIPTS

 

KW4Rent will be responsible for issuing you a tax receipt for the rent payments made during the duration of your tenancy agreement.
 

TERMINATION

 

To terminate your lease, please refer to your tenancy agreement regarding the deadline to issue explicit written notice.

This notice can be emailed to condoleasing@kw4rent.com

CONDOMINIUM FEES

As a tenant, you are not responsible to pay condominium fees. The unit owner (landlord) is responsible.
 

SUBLETTING

To complete your sublet request please contact condoleasing@kw4rent.com. As property managers for the landlord, KW4Rent is responsible for facilitating and approving sublet requests on behalf of the owner.

As the original leaseholder on the tenancy agreement, please note you are still responsible for the unit during the duration of the sub-lease. These includes any breaches of the tenancy agreement, damages, and monthly rent payments.

If you have any further questions pertaining to condominium leasing, please don’t hesitate to reach out at condoleasing@kw4rent.com or call us at, 519-746-0074

Book Your Tour Today:

Virtual tours available, while our office is closed.
Please fill in the form below.

Visit our Rental Office or Contact Us:

251 Lester Street Waterloo, ON N2L 3W6

Regular Hours:
Monday - Friday: 12:00pm - 8:00pm

Saturday: 10:00am - 6:00pm

Sunday: Closed

Office: 1.519.746.0074

Email: condoleasing@kw4rent.com

PRIVACY POLICY

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