{"teamId":"12191","campaignId":"1609","seriesId":"43486","from_email":"","email_subject":"Risky Business: Is that basement apartment illegal?","attachment":"","email_message":"<table width=\"100%\" border=\"0\" cellpadding=\"1\" cellspacing=\"1\" style=\"background-color:#fff;\">\r\n\t<tbody><tr>\r\n\t\t<td class=\"paragraph\" style=\" padding: 15px;\">\r\n\t\t\t<div class=\"show-action-on\" style=\"width: 96%; display: none;\">\r\n\t\t\t\t<i class=\"fa fa-pencil-square-o\" onclick=\"EditText('t1');\"><\/i>\r\n\t\t\t<\/div>\r\n\t\t\t<span id=\"t1\"><div>\r\n\tHey&nbsp;{first_name},<br>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tHave you considered buying a home with an in-law suite or basement apartment? Do you<\/div>\r\n<div>\r\n\twant to make rental income but worried the unit may not have the required permits?<\/div>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tIf you're in the market, you've likely come across the words: \u201c<em>Seller and Agent do not<\/em><\/div>\r\n<div>\r\n\t<em>warrant retrofit of basement apartment\u201d <\/em>on an MLS listing.<br>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\t<strong>Pro Tip:<\/strong><br>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tThat basement apartment is probably not legal. In fact, 80% of&nbsp;basement<\/div>\r\n<div>\r\n\tapartments don't comply with city rules and bylaws and likely wouldn't be considered<\/div>\r\n<div>\r\n\t\u2018legal'.<\/div>\r\n<div>\r\n\tA secondary suite, such as a basement apartment, is defined as a self-contained rental unit<\/div>\r\n<div>\r\n\tin a detached or semi-detached house. In order to be considered a legal apartment, it needs<\/div>\r\n<div>\r\n\tto meet the city<span style=\"color:#ff0000;\">&nbsp;<\/span>zoning, property, occupancy, health and safety, fire and electrical<\/div>\r\n<div>\r\n\tstandards.<\/div>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\t<span style=\"color:#0000ff;\"><strong><u>Risks of buying a house with an illegal basement apartment:<\/u><\/strong><\/span><\/div>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<ul>\r\n\t<li>\r\n\t\t<strong>Anyone can call you out on it.<\/strong> If your tenants, neighbours, or crazy ex-girlfriend make a request to the city to have your second apartment inspected, it will cost you a lot of time and money to legalize it or transform the home back into a single family dwelling.<\/li>\r\n<\/ul>\r\n<br>\r\n<ul>\r\n\t<li>\r\n\t\t<strong>Your lender may not acknowledge the income<\/strong> associated with an apartment that isn't considered legal.<\/li>\r\n<\/ul>\r\n<br>\r\n<ul>\r\n\t<li>\r\n\t\t<strong>&nbsp;You may be sued<\/strong> if in the unfortunate case a flood or fire results in an accident or death in the illegal second suite.<\/li>\r\n<\/ul>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tIf you're considering buying a house with an illegal second apartment, make sure you're<\/div>\r\n<div>\r\n\tworking with a real estate agent who can help you balance the risks and rewards.<\/div>\r\n<div>\r\n\t(Shameless plug \u2013 that would be me.)<\/div>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tCheers,<br>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\t<br>\r\n\t<a href=\"https:\/\/app.agencyelephant.com\/glu\/calendar\/2420\/my_calendar\">My Calendar<\/a><\/div>\r\n<div>\r\n\t&nbsp;<\/div>\r\n<div>\r\n\tPS \u2013 Want to know the secrets to finding a profitable fixer upper? 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