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11-16-2020, 05:11 PM
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#16751 | I subscribe to the Fight Club ONLY
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Originally Posted by Hondaracer Don’t wanna pay, don’t flood your unit? | Maybe I'm just being paranoid, but what if a pipe bursted while I am not at home? Shxt happens, and it'd absolutely suck if something as simple as a pipe bursting turns into you being in the hole for $1M.
If I were in the hole for $1M like that, I'm just gonna declare bankruptcy LOL~
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11-16-2020, 05:39 PM
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#16752 | Pull Out Towing. Women rescued for free.
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Originally Posted by Traum Maybe I'm just being paranoid, but what if a pipe bursted while I am not at home? Shxt happens, and it'd absolutely suck if something as simple as a pipe bursting turns into you being in the hole for $1M.
If I were in the hole for $1M like that, I'm just gonna declare bankruptcy LOL~ | I hope you are trolling and not serious.
Basically you need to be at fault for the strata to go after you for the $1M deductible.
That also means the claim has to be way over $1M as it isn't worth it to go through insurance and have the deductible go up.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing |
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11-16-2020, 05:57 PM
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#16753 | private modder
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Originally Posted by Traum I am surprised something like this actually got passed at the AGM. If I were a resident at that building, I know damn well that I'm going to move dafuq out and sell as soon as it becomes feasible because a clause like that effectively defeats the purpose of purchasing insurance in the first place. | I don't believe the strata policy needs to be voted on at the AGM. The council will seek a policy and choose which one to sign off on. AGM not required.
My suspicion here is the Council either had no option but to go with this policy, or perhaps they had an option with a lower deductible but significantly higher premium.
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11-16-2020, 06:29 PM
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#16754 | in the butt
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Dont worry guys, if you flood your unit like the crackheads above me: dont let anyone in, fix the problem, and noone can prove anything, so your off the hook for neglegence!
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11-16-2020, 06:34 PM
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#16755 | private modder
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Originally Posted by SumAznGuy I hope you are trolling and not serious.
Basically you need to be at fault for the strata to go after you for the $1M deductible. | No you don't have to be at fault or negligent. It depends on which bylaws are in place. The standard bylaws simply say the owner has to be responsible (not negligent) for the strata corp to sue back for the deductible.
Many stratas put their own bylaw in place allowing them to charge the deductible without having to sue. In that case, it comes down to the wording of the bylaw. Some specifically say negligence, some don't.
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11-16-2020, 06:40 PM
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#16756 | Rs has made me the woman i am today!
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you could not touch the pipe but if it burst within your unit, its your fault eg. toilet supply
__________________ There's a phallic symbol infront of my car Quote:
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11-16-2020, 06:43 PM
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#16757 | private modder
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Originally Posted by yray you could not touch the pipe but if it burst within your unit, its your fault eg. toilet supply | yes that's what I mean. if it comes from your unit, you're responsible. don't have to be negligent to be liable.
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11-16-2020, 07:01 PM
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#16758 | I have named my kids VIC and VLS
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Originally Posted by yray you could not touch the pipe but if it burst within your unit, its your fault eg. toilet supply | Well what part is gonna burst? Just the middle of the untouched feed line? Not likely.
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11-16-2020, 09:20 PM
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#16759 | in the butt
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Originally Posted by Hondaracer Well what part is gonna burst? Just the middle of the untouched feed line? Not likely. | Are you a plumber?
Unfortunately, jokes on you
I work for a mechanical contractor as HVAC, and have probably dealt with over 100 leaks over the last 7 years
Both of these scenarios were in "unit" walls, what happened of insurance, i dont know
1 of those had a crack in a 1/2" line, (literally in a straight riser) that blew open and flooded 3 floors
1 of those had a 1" riser, that looks was field bent xx years ago, and managed to only flood 2 floors by the time water was shut off
Not including everything else ive seen
Anything is possible in mechanical failures, odds of it happening in a unit, slim
__________________ Quote:
Originally Posted by Mr.Money i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna. | |
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11-16-2020, 10:27 PM
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#16760 | RS Veteran
Join Date: Dec 2001 Location: GTA
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Hondaracer is everything and then some.
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Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | Quote:
Originally Posted by EvoFire But fuck that exterior is like dating integra girl | |
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11-17-2020, 07:56 AM
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#16761 | Pull Out Towing. Women rescued for free.
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Originally Posted by Eff-1 No you don't have to be at fault or negligent. It depends on which bylaws are in place. The standard bylaws simply say the owner has to be responsible (not negligent) for the strata corp to sue back for the deductible.
Many stratas put their own bylaw in place allowing them to charge the deductible without having to sue. In that case, it comes down to the wording of the bylaw. Some specifically say negligence, some don't. | Just a play on words, but basically we are saying the same thing. If it was somehow caused by you, directly or indirectly, then you pay the deductible. The strata will not pull from the CRF to cover the deductible.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing |
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11-17-2020, 08:58 AM
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#16762 | Need my Daily Fix of RS
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any of you having issue collecting rent? my tenant did not pay rent this month. my rental management agent told me not to worry.
i am concerned the tenant will abandon the place without paying the rent arrears.
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11-17-2020, 09:45 AM
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#16763 | Performance Moderator
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If you’re just missing 1 month so far, I think there’s a LOT of landlords in way worse situations than you...
I know people getting like 50% on entire houses since May and there isn’t shit all they can do about it, government made it impossible to get rid of anyone and you can only apply for relief working together with the tenant.
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11-17-2020, 10:35 AM
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#16764 | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
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Originally Posted by murmur any of you having issue collecting rent? my tenant did not pay rent this month. my rental management agent told me not to worry.
i am concerned the tenant will abandon the place without paying the rent arrears. | The ban on evictions for non payment of rent ended on Aug 17, so if he didn't pay this month you are within your rights to issue 10 day notice for non payment.
The relief/repayment plan thing is only for rent missed during the eviction ban period between March 18 and Aug 17.
If the tenant abandons the place, you're still within your rights to pursue for payment in civil court (Whether it's worth that fight, it's up to you)
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11-17-2020, 12:06 PM
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#16765 | RS has made me the bitter person i am today!
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Originally Posted by murmur any of you having issue collecting rent? my tenant did not pay rent this month. my rental management agent told me not to worry.
i am concerned the tenant will abandon the place without paying the rent arrears. | I have a friend that's 8-month in arrears and disputing the eviction notice. He's also sending him random death threats lol.
I had to reduce rents by 30% and am having a hard time re-renting the unit out atm.
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11-17-2020, 01:00 PM
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#16766 | RS Veteran
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Sending random death threats? I'm not sure that's a good idea.
__________________ Quote:
Originally Posted by BIC_BAWS I literally do not plan on buying another vehicle in my lifetime, assuming it doesn't get written off. | Quote:
Originally Posted by EvoFire But fuck that exterior is like dating integra girl | |
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11-17-2020, 01:04 PM
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#16767 | Pull Out Towing. Women rescued for free.
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Originally Posted by Gerbs I have a friend that's 8-month in arrears and disputing the eviction notice. He's also sending him random death threats lol.
I had to reduce rents by 30% and am having a hard time re-renting the unit out atm. | Wait, so your friend is the one that owes 8 months worth or rent and is disputing the eviction notice?
Is he the one sending death threats or the LL?
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing |
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11-17-2020, 01:09 PM
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#16768 | Willing to sell body for a few minutes on RS
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I feel bad for you landlords also feel bad for people who legit lost their job to covid.
That said if that was me that wasn't able to pay rent I'd go stay with family or friends until I could turn things around I sure as shit wouldn't screw over my landlord.
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“The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I don´t care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. That´s how winning is done. Now, if you know what you worth, go out and get what you worth.” - Rocky Balboa |
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11-17-2020, 01:14 PM
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#16769 | I have named my kids VIC and VLS
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If my tenants tried to pull some shit like that you better believe any future landlords will be finding a website with a full description of the scenario and warnings regarding them.
Idiots shoot them selves in the foot
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11-17-2020, 02:29 PM
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#16770 | I subscribe to the Fight Club ONLY
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I am so glad I got out of doing the landlord gig... |
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11-17-2020, 03:03 PM
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#16771 | i like gifs
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The only benefit I see to being a landlord is if you have a mortgage helper suite. Otherwise, everything is stacked so heavily in the renter's favour and you open yourself up to so many issues if you get a shitty tenant.
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11-17-2020, 04:42 PM
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#16772 | RS has made me the bitter person i am today!
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Originally Posted by bcrdukes Sending random death threats? I'm not sure that's a good idea. | The friend is the landlord and his Tenant who hasn't paid 8 months is sending him, the landlord death threats through a web/VPN number
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11-17-2020, 04:48 PM
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#16773 | Pull Out Towing. Women rescued for free.
Join Date: Mar 2002 Location: Hongcouver
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Originally Posted by Gerbs The friend is the landlord and his Tenant who hasn't paid 8 months is sending him, the landlord death threats through a web/VPN number | Oh crap. sorry to hear that about your friend.
__________________ Originally posted by Iceman_19 you should have tried to touch his penis. that really throws them off. Originally posted by The7even SumAznGuy > Billboa Originally posted by 1990TSI SumAznGuy> Internet > tinytrix Quote:
Originally Posted by tofu1413 and icing on the cake, lady driving a newer chrysler 200 infront of me... jumped out of her car, dropped her pants, did an immediate squat and did probably the longest public relief ever...... steam and all. | (11-0-0) Buy/Sell rating Christine Shitvic Pull Out Towing |
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11-18-2020, 02:28 AM
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#16774 | 14 dolla balla aint got nothing on me!
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Originally Posted by Gerbs I have a friend that's 8-month in arrears and disputing the eviction notice. He's also sending him random death threats lol.
I had to reduce rents by 30% and am having a hard time re-renting the unit out atm. | Wow 8 month rent behind ! how can he survive this BS?
why didn't your friend start the eviction process as soon as the tenant has not paid 2 months?
BTW, which area was your rental property that had reduce 30%? that's quite alot of reduction there
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11-18-2020, 10:15 AM
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#16775 | Rs has made me the woman i am today!
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^As renter is 8 months behind, there's really no way they will be able to pay or even pay when things get better. Makes no sense landlord to provide free rent as landlord has their own overhead costs to cover themselves.
Say the rent is $1500 and the renter makes $3000 and they start back work again today. They owe $1500 x 8 months = $12,000. It'll take the renter 8 months to save to pay off, assuming he puts away the $1,500 between ($3000 - $1500). The more they earn they faster they can pay the arrears; however, it doesn't look likely they make that much otherwise they would have paid the rent.
At what point do we even cut losses?
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