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Alberta Tendancy Agreement  Form

Alberta Tendancy Agreement Form

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Video instructions and help with filling out and completing Alberta Tendancy Agreement Form

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Instructions and help about rental lease agreement alberta

hi there I'm Jason Scott I'm a mortgage broker with TMG The Mortgage Group in Edmonton and today I want to talk about uh using rental income to help you qualify for a mortgage so a lot of people want to buy a property that has a basement suite and you know you rent out the suite and that helps you pay for your house you would think that let's say you could rent a place for a thousand dollars a month for your Suite you think you might be able to use a thousand dollars to help you qualify that's not the case though first off if that basement Suite is not recognized as a legal Suite by the municipality lenders are not going to let you use it in terms of generating income now the fact that you know after you buy the house and you decide to rent it out that's bonus for you but doesn't help you in terms of qualifying for the mortgage what would help you qualify is if the suite is legal then we either get a lease or something thing called a mark

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