Legal Weed Is a Canadian Landlord's Nightmare (Ontario Landlords Association In BLOOMBERG BUSINESS IN'T/GLOBAL EDITION)

Message
Author
User avatar
OLA
Posts: 108
Joined: August 14th, 2009, 9:11 pm

Legal Weed Is a Canadian Landlord's Nightmare (Ontario Landlords Association In BLOOMBERG BUSINESS IN'T/GLOBAL EDITION)

#1 Unread post by OLA » May 8th, 2018, 11:14 pm

Image

Legal Weed Is a Canadian Landlord's Nightmare

Canadians will soon be able to add marijuana to their collection of household herbs, and that’s creating a nightmare for the country’s landlords.

With Prime Minister Justin Trudeau set to legalize recreational weed in July, apartment owners are concerned about safety and potential damage to their buildings if tenants grow plants and smoke up in their units. Landlords are lobbying provincial governments for legislation that would ban marijuana use in rental units or allow them to add restrictions to lease agreements.

Failing to implement regulations that allow landlords to ensure smoke-free, grow-free units could lead to higher rents, said a spokesman for the Ontario Landlords Association. Some provinces, including Ontario, block landlords from extracting damage deposits from tenants, said Blake, who once spent more than C$5,000 ($4,000) to clear the smell from a marijuana smoker’s unit.

“This is not a political issue for us -- we care about taking care of our tenants and keeping costs low,” he said. “When we have to pay out thousands of dollars, landlords will want to raise the rents for the next tenants.”

https://www.bloomberg.com/news/articles ... drug-s-use

Post Reply

Who is online

In total there are 423 users online :: 0 registered, 0 hidden and 423 guests (based on users active over the past 999 minutes)
Most users ever online was 11001 on October 2nd, 2024, 4:39 pm

Users browsing this forum: No registered users and 423 guests