How did I know that Lac Gerard land lease Community was covered under the RTA?
Simple, I first spotted 1104 Fantham Road for sale on Facebook, by a guy named Mike Arkilander, and I was going to buy it off him for $22,000. I spoke to Yolande and I was approved to purchase the cottage, then Mike raised the price.
So I called Yolande and told her what happened and that I wouldn’t be buying the place unfortunately.
That’s when I found out that Yolande and Mike were having problems, and they were going to the Landlord and Tenant Board.
They came to some sort of agreement at the Landlord and Tenant Board, and Yolande called me and asked me if I still wanted the cottage. I said yes and the rest is history.
I knew more than the average person about the RTA and I had done some legal research on properties that are exempt from the RTA, and the top case law on that distinction is Matthews et al. v. Algoma Timberlakes Corporation
It’s a description of the Lac Gerard site, open all the time, people living there all seasons when they want.
All was well until the Wagler’s bought the land May 21 2026. They didn’t waste any time, they stepped right into it with an 43% or 46% illegal rent increase right off the bat while writing the residents a letter that we had to follow the rules….
What a bunch of clowns.
Sale Price was $400,000
They paid $400,000.00 for the entire site and with the existing rents they would have been paid back in full in 6 years, if they want to add new business, they can add new business to make more money.
Instead, they just pissed everyone off.
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