Monday, December 9, 2013

New Fees for Landlords in Mississauga

Effective the beginning of January 2014 you will need a license to rent your basement apartment. The City of Mississauga has finally made a response to Bill 140 and the affordable Housing Act.  As of January 2, 2014, legal second units must have a City of Mississauga licence per City By-law 204-13 

The Mississauga City Council approved a plan to permit second units on July 3, 2013. The plan includes official plan policies, zoning regulations and licensing requirements. It will be in full force in January 2014. 

‘Second units’ are self-contained apartments within existing homes. They have their own kitchen facilities, a bathroom, a bedroom and sometimes have a door that separates the unit from the rest of the home. They are often called basement apartments, in-law suites or secondary suites. 

The Second Unit Implementation Strategy includes: 
Official Plan policies permitting second units in detached, and semi-detached homes as well as townhouses 
Zoning By-law regulations including parking and distance from the property lines for entrances and stairs 
A licensing program to ensure zoning, building and fire codes, as well as property standards, are met 
An Education Program that will include information materials and sessions to help the public understand what is required for a legal second unit in the City and 
Partnerships with professional and organizations interested in second units 

An existing second unit will only be legal if it complies with the official plan and zoning by-law, meets building and fire codes, and there is a license for the unit. 

The initial second unit license will cost $500 for owner-occupied properties and $1,000 for investment properties . The annual license renewal will cost 50% of these values. 

Any person who is charged with an offence under this By-law and found guilty is liable to a fine of not more than $25,000 or $50,000 (for corporations).

Back Grounder  City of Mississauga Feb 25, 2013.;jsessionid=QWO1TNPT5FJELTRPH3XT44WOF25W2PW0?paf_gear_id=3700008&itemId=114600169n&action=faqAnswer

Keeping it or Selling it?

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