alecdl
New Member
I took a job out of province and in the meantime my condo was ready for occupation but i will not be able to move in quite yet. Is it true if you rent out your unregistered condo the builder could come after you for the g.s.t.
renovation is doing anything to the apartment yourself which the builder didn't do. The only thing they provide for you is a small paint for touch ups maybe. They have a clause for people who do renovate though to protect themselves. It says they are only responsible for things the builder put up and anything else you put up or change and gets damaged, they are not responsible for.
the could legally ... cuz GST exemption only applies to properties for your residence (excludes investment properties, when you rent out your place it is seen as an investment property by default)
but the flip side is ... if you rent it out discretely then the builder doesn't find out ... then I think you can get off the hook~ this is similar to people undertake renovatation work to their during the occupancy period (which is not allowed), but if they don't catch you there's no problems
thoughts anyone ??
I took a job out of province and in the meantime my condo was ready for occupation but i will not be able to move in quite yet. Is it true if you rent out your unregistered condo the builder could come after you for the g.s.t.