|
I'd take your agent's words seriously. I actually rent an unauthorized suite (financial stability is an unknown concept to me) and the City has been sending us inspection notices recently. The landlord's been renting this place out for a few years already, so I'd take your agent's warnings further than just the first year. I'm already looking for a new place in case my landlord gets into trouble with the City.
Redoing the electrical system is going to be a major hassle, regardless of the price. I wouldn't be optimistic about it.
|