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Guide For Property Managers On Dealing With Military Personnel
Managers of rental properties would do well to educate themselves on the SCRA in order to provide the best possible service to their tenants. If you’re a landlord, you should expect to make some exceptions for tenants with unusual needs. Sometimes the law will require you to provide certain accommodations, but sometimes management companies will see this as a chance to focus on a specific customer.
Property managers are crucial in assisting active-duty US military personnel with the management of their homes. Property owners should also be aware that tenants in this category have the right to void their leases early under the Service Member Civil Relief Act, even though doing so would normally be considered a violation of contract (SCRA).
Managers of rental properties must use caution when working with military tenants or repairing the residences of active-duty personnel.
Maintenance Of Active Duty Members’ Private Residences
Almost everybody who invests in property may do it successfully. There are various benefits available to military people and veterans who invest in real estate.
VA loans are originated by private lenders but backed by the Department of Veterans Affairs. Qualified borrowers can buy up to a four-flex with each purchase, and this is in addition to the one-year residency requirement.
Details About Veterans Administration Loans
- With no down payment.
- Mortgage interest rates are more manageable than those for personal loans from the bank.
- Getting private mortgage insurance is completely voluntary.
- There is a more lenient requirement for debt-to-income ratios that debtors must meet.
- Not having a high enough credit score.
- Required minimum year of occupancy as a primary dwelling.
- If a service member receives a new military assignment, they have one year from the date of their first purchase to make a second purchase at their new duty station.
- Assuming a $100,000 loan, a 25% down payment would be $36,000. Any additional funds needed beyond the entitlement cap must be paid for by the borrower.
- Loans are constrained by a cap. Veterans who qualify for the maximum loan amount without having to make a down payment can acquire that loan.
- There is no limit loan amount, but the VA will only guarantee up to a particular percentage of the loan.
- The maximum amount of money that can be borrowed to finance the purchase of a multifamily dwelling is based on the valuation of a single unit in the building.
VA mortgages are more lenient than conventional or FHA mortgages, yet anyone can still feel overwhelmed by the responsibility. Therefore, service members need to consider the pros and cons based on their individual circumstances.
When it comes to buying a home, some states are more desirable for members of the military than others. In areas with low property taxes and where renting typically costs more than a mortgage payment, buying may make financial sense.
How Your Property Management Services Might Benefit Military Families
If your company is located in a state with a sizable military installation, they would be great clients. After establishing trust with their clientele, real estate businesses that help military personnel find homes can easily expand their services to include property management.
If you own a property management business and are interested in attracting clients like those highlighted above, you may want to think about the following:
- Always-available account access.
- Managers of the property may respond to questions.
- Clearly stated prices, with a military discount added in.
- A video clip documenting the state of the house will be provided in addition to the standard written reports.
- Each month, detailed reports on cash flow and spending must be submitted.
Emphasize the benefits that clients might expect from partnering with your company. It is no secret that moving can be a stressful time, and that burden is compounded by the need to maintain maintenance, identify new tenants, negotiate leases, and schedule showings. Having a professional property manager on your team alleviates stress.
Since most service members choose to settle near their base of operations, renting out a home rather than selling it is a common option. Some property owners prefer to rent to members of the military or their immediate family.
Taking Into Account The Needs Of Service Members As Tenants
Renters in the military have rights under the Service Member Civil Relief Act, which should be taken into account. The landlord’s responsibilities take a back seat to the government’s contractual commitments to the United States military.
This law, along with others like it, was enacted to assist serving members of the armed forces in handling their private lives without compromising their ability to perform their official duties. The beautiful words of the U.S. Supreme Court sum up the purpose of these regulations: to “protect those who are under force to forgo their own issues to take up the tasks of the nation.”
A reassignment order after signing the lease allows the service member to terminate the lease in accordance with section 535. Tenants and landlords commonly have contrasting views on the extent and particulars of this right to termination. A precursor to the SCRA was the Soldiers and Sailors Civil Relief Act. The title was reworked and the lease termination provisions were enlarged and clarified in 2003.
When And How Do Lease Service Personnel Vacate Their Spaces?
The SCRA allows for the termination of a lease that was entered into before enlistment. In addition, it provided the service member right to terminate the lease upon receiving orders for a permanent change of station or a deployment lasting more than ninety days following the tenant’s initial military service.
Changes In Duty Station Or Deployment Status As A Ground For Lease Cancellation
It is not crucial that the orders be carried out on a specific day. A tenant cannot terminate the lease due to military orders for deployment or permanent change of station under the SCRA regardless of when the orders are received.
The Lessee must also provide the necessary termination documentation in a timely manner. Since the period to begin the termination process begins when you receive the orders, a military tenant may be able to cancel the lease months or even years before the day on which the instructions are to be carried out.
Not Paying Rent Will Result In Eviction
Additional requirements apply for lease cancellations caused by a tenant’s discharge. When their time in the armed forces is up, the vast majority of soldiers are released with either an honourable or general discharge. The SCRA specifies that these two administrative releases must be met before a lease termination option can be exercised. A document certifying your honourable discharge will be issued.
These are not to be ignored, but neither are the other two types of discharge. The DD Form 214 will indicate the nature of the tenant’s discharge if an honourable discharge certificate is not present.
The SCRA also details how managers or landlords can get rid of a tenant’s belongings from storage without a judge’s permission. Managers of rental properties can face criminal charges, fines, and perhaps a year in prison if they are found to have violated the SCRA in any way.
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Five Reasons Other Provinces Will Likely Follow the Ontario Digital Casino Model
Ontario is Canada’s biggest province and serves as both a cultural and economic center for the nation. It is a province renowned for its innovation, and one area where they have certainly showcased their innovation is in the digital betting space. Ontario has fully leaned into the online betting world by allowing for government-regulated sports betting sites and casinos, something most other provinces are lagging far behind on.
Ontario has embraced the world of betting with its provincial regulator, iGaming Ontario, and they have seen a surge of benefits follow. Other provinces, such as Alberta and Quebec, are presumed to be considering making similar moves. But why is it that these other provinces would follow Ontario’s lead here? What are the core benefits that embracing the digital casino
market could provide? Let’s explore below.
Consumer Protection:
One of the biggest concerns for most provinces when it comes to virtual betting is potential dangers to consumers. Provinces don’t want to be seen as encouraging gambling, particularly when addiction is such a major problem. But what we have seen with online casinos in Ontario is that the consumer protection benefits from legalized betting are numerous. Having a primary
regulator based within the province allows for stronger enforcement of mandatory systems like age verification, spending controls, and self-exclusion programs. While, of course, gambling will always come with associated risks, legalization can also bring more stringent regulation of those risks. It is something of a double-edged sword, as it spreads gambling but also likely makes it safer.
Job Creation:
All provincial leaders want to be seen as expanding the economy, contributing to growing industries and creating more opportunities for their residents. The online gambling industry in Ontario has certainly done that. It is a surprise that more provinces haven’t seen the job figures and jumped at the potential opportunity. According to CBC, legalized betting in the province has contributed 15,000 jobs to Ontario, across both sports and casinos. That is a major outcome that should not be ignored. Operators from around the world, like FanDuel and PointsBet, have opened offices in Ontario, creating employment centers and adding to the economy.
Tax Revenue:
Arguably, the biggest thing that is enticing for governments about the situation in Ontario is how much taxable revenue the legalized sports betting market is creating. The Ontario market is projected to hit $3.2 billion in taxable revenue from online casinos, significant growth year over year. That is a vast figure that was completely absent from the market before the changes in regulation in the province. While it is unlikely that other provinces would see numbers of that size, given Ontario’s substantially higher population, there is no question that there would be a ton of extra money flowing in if countries embrace virtual casinos and sports betting. This is money that can support public services and infrastructure, go to resources like safe gambling groups, and overall contribute to the benefit of society.
Combatting the Foreign Market:
This is something that also fits in with the consumer protection grounds. Before Ontario had initiated its changes to the gambling industry, bettors would rely on offshore sportsbooks for most of their gambling. These are betting sites situated in locations like Curacao and Malta, where gambling regulations are not particularly stringent. That means provincial governments would have no control over the regulations of the websites that the betting sites and casinos use.
This obviously poses fairness and safety concerns. Beyond that, it is also a source of money that is flowing away from Canada and to foreign companies. Provinces would be wise to ensure that money doesn’t leave their borders.
Innovation:
The online betting industry is one that does not appear poised to be going anywhere, with major growth year over year. Becoming a hub for the industry and embracing innovation will allow provinces to remain on the cutting edge. Ontario has quickly taken on this status, with major local offices and inter-industry partnerships that foster dynamic tech growth. We are seeing the creation of high-quality Canadian brands that are achieving incredible success, and that is something that should make other provinces excited. The potential for the industry is massive. While safety has to be at the forefront, regulating this growing space seems to be the safest bet.
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8 Canadian Furniture Stores Have the Most Coffee Tables to Choose From
A good coffee table is both a useful piece of furniture and a statement piece in the design of your living room. You need to go to a store that sells a lot of different styles, materials, and prices to find a table that fits your space. This guide lists 8 of the best Canadian furniture stores that sell coffee tables that look great and are a good deal.
Why It’s Important to Pick a Coffee Table
The coffee table is a key part of your living room’s design because it holds drinks, shows off decorations, and gives you more space. You should think about the style of the room, the space you have, the materials you like, and your daily needs before making a decision. In Canada, where stores sell a wide range of styles, from modern minimalist to classic traditional, it’s easier
than ever to find the perfect coffee table.
8 of the Best Places in Canada to Get Coffee Tables
1. The Brick: A Lot of Different Styles at Good Prices
The Brick is one of Canada’s most trusted furniture stores. They have a huge selection of coffee tables in modern, transitional, and traditional styles. They have tables with glass tops, wood designs, metal accents, and modern geometric shapes. The prices range from low to high. The Brick makes it easy to choose and buy a coffee table because they have regular sales,
financing options, and staff who know a lot about them. Homeowners can find tables that fit both their style and function needs because they have such a wide range of options.
2. IKEA Canada: Modern Styles at Prices That Are Fair
People know IKEA for its modern coffee tables that look good and work well. Their collection includes simple wooden tables with glass tops and smart ways to store things that work well in small spaces. Prices at IKEA start at less than CAD $200, so it’s easy for people on a budget to shop there. The “do it yourself” model at IKEA saves money, and their simple, clean designs
look great in both modern and transitional living rooms.
3. Wayfair Canada: A Lot of Choices Online, So You Can Find What You Need
Wayfair Canada has the most online furniture choices in all of North America. They have a huge selection of coffee tables in all styles and price ranges. Their site has high-quality pictures, detailed descriptions of the products, and reviews from other customers to help people make good choices. Shipping is free and returns are easy when you spend more than CAD $50. This makes it easy to shop online. Interior designers like Wayfair because it has a lot of styles and low prices that make it easy to find the right design solutions.
4. West Elm Canada: High-End Options With a Focus on Design
West Elm is all about modern looks and well-made design. They have carefully chosen coffee table sets that are made of eco-friendly materials and come in new styles. Their tables are well designed to serve both a purpose and look good. The prices are between CAD $300 and $800.
People who value durability and good looks over cheaper options like West Elm because they are committed to fine craftsmanship and classic style.
5. Structube: Collections That Are Modern and Stylish
Structube makes modern, stylish furniture, and they have a lot of coffee tables with clean lines and storage that works. Their collections are mostly Scandinavian and modern, and they also save space. Structube’s prices are fair, usually between CAD $150 and $600, so people who care about fashion can easily afford them. You can try out their products before you buy them at their showrooms all over Canada.
6. Article: Cheap Furniture That Is Designed to Look Good
The main point of Article is that modern design can be affordable. It focuses on coffee tables that are both stylish and durable. Their collection includes simple designs, pieces with mid-century modern influences, and options made from materials that are good for the environment.
Article’s direct-to-consumer model keeps prices low and design quality high at the same time. People feel good about buying things online from them because they have detailed product descriptions and customer reviews.
7. Costco Canada: Members Get Better Prices and Better Quality
Only Costco members can buy high-quality coffee tables at prices that are only available to them. They always have a different selection of well-made tables in a wide range of styles, and they often have big sales compared to other stores. Costco is a safe place to shop because they have strict quality standards and long return policies (90 days or more for most items). Members who want to save money can shop easily at warehouses all over Canada.
8. Jysk: A Wide Range of Styles at Prices That Are Easy to Afford
Jysk has a lot of coffee tables that are cheap but still good quality. They have a lot of different styles, from traditional to transitional to modern, in metal, glass, and wood. Prices at Jysk range from $100 to $400 CAD, which is great for people on a budget. In many places in Canada, customers can look at and rate tables before they buy them.
Things to Keep in Mind When Picking a Coffee Table
When looking for a coffee table, you should consider the style of the room, how much floor space you have, and what you need. Tables with storage spaces are great for small living rooms, and glass or metal surfaces make the room look brighter. Wood tables are warm and last a long time, but you can make them more interesting by using modern materials like concrete or reclaimed wood. Take careful measurements of your space. If you leave 18 inches between your coffee table and sofa, you’ll have enough room for your legs and for people to walk around.
How to Know About Styles and Materials
There are many different styles of wood tables, from sleek and modern to more classic. They are warm and last a long time. Tables with glass tops make rooms look brighter and are good for small spaces, but they need to be cleaned often. Metal frames with wood or glass tops look very industrial and work well in modern rooms. If you don’t have a lot of space in your home, upholstered or storage tables can be very helpful. Consider how you live. For instance, families with small children might choose strong wood or metal over glass that breaks easily.
Your Last Choice
Before you decide, visit a few stores to look at different styles, quality, and prices. Measure the room, take pictures of what you already have, and write down the styles you like. Most stores in Canada will deliver and set up your purchase for an extra fee. This makes the buying process easier. Allow enough time for the table you want to buy to arrive and fit in your space. Good
coffee tables become beloved centerpieces that last for years.
Questions and Answers
What Is the Right H8 for a Coffee Table?
Most coffee tables are 16 to 18 inches tall, which is about the same height as a regular sofa cushion. This makes it easy to see what’s on the other side of the room. In modern, minimalist rooms, tables that are 12 to 14 inches low look good. In more traditional rooms, tables that are 20 to 22 inches high look good. When picking the right size table, keep in mind how tall your
couch is and what you like.
How Much Should I Pay for a Nice Coffee Table?
A good coffee table that will last and look good costs between CAD $150 and $600 for most homes. If you need something for a short time or are renting, stores like IKEA and Jysk have cheap options (under CAD $200). West Elm and Article sell investment pieces (CAD $400 or more) that are well-made and classic in style. These are great for people who plan to live in their homes for a long time.
Is It Possible to Make My Coffee Table Look Nice Without Putting Too Much on It?
You can style your coffee table by putting together three to five carefully chosen things, like a candle, a small plant, a decorative book, and a tray to hold things. Clear off surfaces so they can be used and look nice. To keep your display looking new without making it too cluttered, change out your decorations with the seasons. Less-is-more style makes rooms look classy and work well.
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