This guide is designed for unit owners interested in the Varsity Properties Rental Management Program. It is frequently updated to reflect information important to unit owners. We encourage every client and prospective client to review it in detail, and to check back if they have any new questions.
Varsity Properties Inc. is a leading Canadian student housing firm specializing in the design, development, construction and management of premium quality residential communities near top Ontario colleges and universities.
The rental management program is built to service the needs of the owners of individual condominium units. These investors desire a professional property manager with extensive experience operating student communities on an institutional scale.
With our rental management program we are able to dedicate full time, experienced team members to operate condo units on behalf of investors
Yes. We will act as your advisors, andprovideyouwithrecommendations. We have been operating student communities for 14 yearsand have developed considerable experience and expertise working with investors and students.
We advise you how to remain compliant with the Residential Tenancies Act, local licensing, and bylaws.
We have found that releasing all the units for leasing at the same time is not the optimal strategy. There is an abundance of inventory and no incentive for students to make a decision quickly.
We divide all the units up into a series of phases. Phases are grouped according to price. The lowest prices (the first phase) are opened for leasing first. The next phase is opened when all the inventory at a previous phase is leased.
When you sign the agreement and give us the price you are seeking, we will assign your unit to a phase and make it available for leasing at that time.