I have written before about assuming a hot water heater rental contract with your new house. Today’s question: do you want to? Before you automatically agree to assume the contract, you might want to take a look at the wording of it. Sometimes it makes more sense to enter into a new contract with a… Continue reading Buying a rental
Tag: hot water heater
Rentals to be assumed
Most people (in Ontario, anyway) rent their hot water heaters. What happens when you sell your house? Most agreements will provide that the hot water tank rental is to be assumed by the buyer. Generally, this is quite simple; if your rental is through Enbridge, as most are, it will automatically transfer over to you… Continue reading Rentals to be assumed