Thread for those looking to purchase in Kingly Condos at the King Portland Centre.
Kingly Condos (Allied/RioCan) - Real Estate -
- Thread starter interchange42
- Start date
Jowblow333333
Active Member
Looks like balconies are not available on the residential units, true ?
Not true; 90% suites have small balconies, some have terraces.
42
42
TalkCondo
New Member
TalkCondo will be part of a small group of agents with priority access for Kingly. Not too many units in this one and we expect it will sell very fast. Launching October 10.
https://www.talkcondo.com/toronto/kingly-condos/
https://www.talkcondo.com/toronto/kingly-condos/
TheKingEast
Senior Member
Looking rather kingly. Looks like Allied will be adding another beauty to their portfolio.
nekz
Active Member
Anyone else a landlord here and get forced to pay a legal fee to lease out their units? It feels so wrong of Allied to do this.
nekz
Active Member
Sorry a bit more clarification. We (the purchasers) are in the occupancy phase, and Allied is forcing us to pay a fee to give us the right to lease out our units to tenants, and it feels like extortion. It's that, or we are forced to leave our units vacant (or move in).
TheSix
Active Member
This isn't unheard of. It's standard in many pre-construction contracts. I assume you read this detail before signing on the dotted line?
Dr. Snoot
Active Member
Yeah, usually you negotiate this as part of the sale if you want to ensure there are assignment or leasing rights.
nekz
Active Member
Unfortunately they didn't budge at that time. They also didn't tell us how much the fee was, or that there even was a fee. Just that we are required to get permission.
It's standard in almost all pre-construction contracts, but having the developer charge a fee for the permission is just plain greedy.