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How To Rent Out Your Condo (To the Right Tenant) Many Toronto condo owners choose to rent out their unit. Some bought it as an investment property, while others plan to live in the condo in the future. Before you rent out your property, however, you will want to make sure you know more about the legality of renting in Toronto, and make sure you find a reliable tenant.  What are the steps involved in preparing a condo for rental? How can you protect yo..