In What You Must Know BEFORE Becoming a Greedy Landlord, I wrote:
“… keep an eye out for tell-tale signs that
your rental is being used as a cannabis farm. A home
used as a cannabis farm can cause devastating damage to a property and can lead
to a voided insurance policy. Think I’m being paranoid?
“There have been
cases where ceilings and walls have been knocked through, as well as houses
ruined by water damage and fires.
“On top of financial costs, you could face legal action if it can be proven that you were aware of criminal activities or received money, including rent, as a result of illegal drug activity.”
“On top of financial costs, you could face legal action if it can be proven that you were aware of criminal activities or received money, including rent, as a result of illegal drug activity.”
And I provided a few ideas on what to look for.
Click here for an example of a Canadian landlord who has paid a hefty
price and wishes he had acted sooner.
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