Loading...Congratulations! You’ve finally received the keys to your investment at Joy Station Condos or one of the premier developments at Bur Oak and Markham Rd. In this blog post, we help owners such as yourself navigate the interim occupancy period and what to expect after you’ve received your keys.
Navigating Occupancy at 9751 & 9763 Markham Rd
So what does it mean to have your keys before “final closing”? Essentially, your unit is habitable and ready for living while the remaining construction is still ongoing. Final closing will occur once the building construction has completed. In the meantime, you’ll be paying interim occupancy fees to the builder who owns the building during this period. Amenities & common areas may not be ready for use yet, and mail delivery may not have commenced yet.
Prior to getting your keys, you’ll need to make sure you are registered for utilities, and have suitable homeowner insurance for your unit.
Landlord FAQs: From Keys to Cash Flow
Can I rent out the unit?
You need to make sure your Agreement to Purchase has a provision that allows you to lease during interim occupancy. If you’re not sure, you should reach out to the builder or your lawyer. Oftentimes, the builder will have certain forms and rules that you must follow in order to lease your unit. An experienced real estate agent would be able to guide you in the right direction.
How much rent can I charge?
Take a quick look at current lease rates of similar units in the Greensborough condo market. For example, if you own a 1 bedroom unit with 1 parking space, you should compare it to a similar unit and not a 2 bedroom with no parking. Additionally, you should see how much units in the vicinity have leased for recently.
Alternatively, you can also forgo all of this work, and have a realtor crunch the numbers for you.
What is the Ontario Standard Lease?
All new leases in Ontario need to be written on the Ontario Standard Lease form. It is mandatory by law.
What about Tarion?
Tarion is an organization that ensures builders fulfil their warranty obligations & handles deficiencies in the unit. As a homeowner, you should be aware of the different warranties and when they expire. Click here to read more about Tarion’s warranty.
Who is the property management company at 9751 & 9763 Markham Rd?
Online Property Management Inc.
Who is the utilities provider at 9751 & 9763 Markham Rd?
PowerStream
What’s the official address for Building A and Building B at Joy Station Condos?
Building A: 9763 Markham Road, Markham, ON, L6E 0W4
Building B: 9751 Markham Road, Markham, ON, L6E 0W3
Why DIY Leasing is Risky in 2026
DIY leasing is a high-stakes gamble due to sophisticated “professional tenants” who target private landlords to exploit LTB backlogs and a rental market flooded with competition at 9751 & 9763 Markham Rd. Without the vetting tools and real-time MLS data, owners who rento out their unit on their own often fall victim to forged documents, pricing errors, or non-compliant leases that can lead to months of lost income. By trying to save on a commission, you risk inheriting a legal and financial headache that far outweighs the cost of professional representation.
What if I don’t have time for any of this?
Want to be a landlord without the 2 a.m. phone calls? Our all-inclusive property management services turn your Joy Station condo into a truly passive investment. We handle everything from automated rent collection and 24/7 maintenance triage to annual inspections and legal compliance with the Residential Tenancies Act. You get a monthly financial statement and peace of mind, while we handle the tenants, the repairs, and the paperwork. Visit www.bcrpm.ca to learn more.
How Big City Realty Simplifies Your Investment
- Professional Photography: Making your unit stand out among the dozens of other units at 9751 Markham Rd. No more poorly lit cellphone phones.
- MLS Exposure: Reaching the widest pool of qualified tenants through the Realtor network.
- Rigorous Vetting: Our 5-point screening process (Employment, Credit, References, Social/Background, and Income-to-Rent Ratios).
- Paperwork Handled: We manage the lease, key deposits, and insurance & utilities registration form collection.
Getting your keys is only the first half of the journey. Let us handle the second half.
Ready to see what your Joy Station unit can rent for? Contact us today for a Free Rental Market Assessment.