Month: April 2020

Quebec is the capital city of the Canadian province of Quebec. It is the seventh-largest metropolitan area and the eleventh largest city in Canada. For anyone moving to or a resident of Quebec housing cost is one of the factors that are taken to account. However, apartment and family dwellings are generally affordable, and even more as you move away from the big cities.   

When you are searching for an apartment in Quebec you will have to know your rights as a tenant, such as how to renew your lease, should the landlord raise rent, and others as discussed below. 

1.       Leasing  

Before accepting to stay in a potential unit ensure to read carefully the lease agreement given by your landlord. Get to know: 

·         Rent payment – In rent payment it’s really hard for either the tenant or the landlord to set up rules, therefore to prevent lateness and other issues the law provides the rules on the rent payment. Knowing the cost of the apartment it’s also important to know the penalties from the landlord of late payment and a suitable method for payment. 

·         Rent increment and lease renewal – Quebec has laws about renewing leases and rental increases. The lease is renewed automatically on the same terms unless the landlord has changed the terms. In rent increment the landlord has to send a written notice to the tenant, the notice deadline depends on the type of lease. The notice should include the amount proposed to be the new rent, length of the new lease that is the landlord wants to change the length and the amount of time the tenant has to refuse the rent increment. 

·         Leases – In the residential lease which is conducted between the tenant and landlord. In the contract, the tenant agrees on how much and how to pay the rent. In this contract, all the restrictions and penalties are set within the contract. As long as the lease contract runs, anyone who buys the building will not force the tenant to vacate but will continue with the tenant lease until it ends. 

2.       Apartment restrictions 

When you rent a place, that place becomes your personal cocoon. This is why you have to get to know the below restriction before signing the lease agreement. 

·         Visiting – Most people value privacy and you would like strangers invading and going through your space. Quebec’s civil code protects privacy and has created rules about how landlords should respect the tenants. However, landlords have the rights to visit your apartment in some situations such as showing a potential tenant or buyer the apartment, when checking the condition of the apartment, during emergencies and to do work that is not urgent. 

·         Pets – It’s hard to find an apartment when you have a pet however some landlords accept tenant having pets but with some conditions applied which you have to understand before signing the lease agreement. The Quebec civil hasn’t stated anything about this, but the landlord will state whether animals are allowed or not. Some of the conditions applied to host a pet are ensuring a peaceful environment with the neighbors, maintain the pet clean, not change the breed that is allowed to be kept in the apartment. 

·         House safety and repairment – Many factors can affect the state of your building, depending on how serious the situation is the tenant can cancel the lease agreement and leave the apartment during repairs or completely vacate. The Quebec law considers that an apartment is unfit to live when there is a serious risk to people’s safety and health. Therefore, before moving in you have to ensure that the condition of the rental is secure for both your life and health 

3.       Utilities 

You have to know whether the home is clean, good shape, fit your rent budget if all are satisfied with you, you should consider the following too; 

·         Renters insurance – The insurance protects the tenant financially if an accident occurs damaging your home, furniture, and belongings. The premiums paid to the insurance company vary deepening on the risk covered, the value of the insecure property and the amount of insurance. 

4.       Leaving 

Tenants may want to cancel their lease and leave the apartment but canceling the lease is only allowed in special cases such as: 

·         Spousal or sexual violence. 

·         When the landlord neglects important responsibilities. 

·         When the landlord accepts to end the lease. 

·         Any other information that may be important. 

Apartment on rent :- https://www.caprent.com/apartments-for-rent/montreal-qc/

Most people who are employed know how difficult I can be to squeeze all your plans, needs and wants into the small budget that your salary can allow. More often than not, people find themselves going off track and spending more than should on one thing or the other. As a result, most people usually get very broke in the final weeks to their pay day and this is where payday loans come in. Payday loans are short term and high risk loans usually offered by small and medium financial lenders to borrowers as they anticipate their salaries on their pay day. Pay day loans are usually offered at usury rates. These are staggeringly high interest rates that usually exceed the allowed market interest rates by far and are usually offered on unsecured loans. Payday loan lenders usually require borrowers to write a cheque of the total loan amount and the lender fees included and leave it with the lender. The cheque is usually dated post the borrower’s pay date. After this is done, the borrower then gets the money in his account ready for use. On the borrower’s payday, he has the option of either paying back his loan plus the total lender fees or allowing the lender to cash in the cheque once the due, post-cheque date arrives. While payday loans may be a life saver for most people who completely depend on their salary as a source of income, they also usually pose certain disadvantages to the borrower. The most common disadvantage is usually the fact that failure to pay back the loan on time usually leads lenders to charge borrowers additional roll over fees which can be very expensive over time. 

Getting a payday loan however, is not as difficult as getting other loans they are usually very simple and quick with very easy requirements to qualify. These requirements include: 

1. One must be 18 and above- it is an internationally recognised rule that in order for one to take part in any financial transaction, he or she must be an adult of age 18 and above. This rule applies even when getting pay day loans installment loans . Of course the easiest and quickest way to prove that you are above this age would be to provide an identification document. 

1. One must have an operational financial account- because the borrower has to write the lender a cheque as collateral; the borrower must have therefore, n operational bank account with a well-recognised bank or financial institution. It is from this account, or through this account that the transactions between the borrower and the lender shall then take place. This is also a very easy requirement to comply with as it does not cost much to set up a financial account. 

1. One must provide proof of income- the last requirement which is also an easy one is that the borrower must provide proof of income. This is because this loan, as the name suggests has several variables that will be depending on your pay day. Your proof of income can be in the form of your previous pay check stubs. 

These are some of the requirements one must meet in order to get a payday loan easily.