BUYING A HOME WITH A RENTED HOT WATER TANK?

In 2002 Direct Energy signed a consent order with the Federal Competition Bureau that protects customers from long-term contracts and exit fees related to hot water tank rentals.

The consent order expires in 2012 but Direct Energy asked for relief based on the intense competition from door-to-door rivals using the same tactics.

The Competition Bureau agreed to long-term contracts and exit fees with water heaters installed after 16 September 2010, or in new homes built after January 1st, 2011.

Direct Energy refers to a 'buy-out schedule located on our website'. When offering to purchase a home with a rented water heater, ask for a copy of the contract to see if you are liable for an exit fee or long term contract. Find out if there's a termination fee to end the contract early and, if applicable, ask your REALTOR® to adjust your offer so the seller pays this fee.

Send me an email if you'd like to talk more about this. I'm at david@davidweir.com.

Cheers!

FREE Saturday Matinee!

The Client Appreciation Movie has been scheduled! Team Weir is inviting its real estate clients to join us for a family movie at the Empire Theatre on Saturday, 23 February 2011. The movie, popcorn, and a drink are compliments of David!

This year, the feature presentation is 'Megamind', starring the voices of Will Ferrell, Brad Pitt, and Tina Fey. The super-villain 'Megamind' finally conquers his nemesis, the hero Metro Man ... but finds his life pointless without a hero to fight.

We have purchased tickets for the 2:30 PM showing so be sure to reserve your tickets early as seats are limited. Send Robyn an email at robyn@davidweir.com or give her a call at 613-965-3637.

Until then, don't forget ... we're never too busy to help your family and friends with their real estate needs as well. Cheers everyone!