In Alberta, the rules governing security deposits are clear: the deposit is equivalent to one month's rent when a rental agreement begins, and it must be returned within ten days after the lease ends, unless there are damages or unpaid rent. For landlords and property managers in Calgary, understanding these regulations is crucial to avoid potential legal issues and disputes. Mark Verzyl Real Estate, a...
Understanding annual obligations for homeowners in Calgary starts with grasping the basics of municipal levies. Local authorities determine these costs using guidelines from Alberta’s Assessment and Property Tax Policy Unit and the Ministry of Municipal Affairs. The assessed value of a home serves as the foundation for these calculations, reflecting current market conditions and property...
Selling a property in Calgary involves more than just setting a competitive price. Understanding the financial obligations tied to finalizing a sale is critical for homeowners. At Mark Verzyl Real Estate (+1 403-617-9998), we guide sellers through every step of the process, including the often-overlooked expenses that arise during closing. When preparing to list your home, agent commissions typically...
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