Landlords Fear Property Values Will Go Up In Smoke With Marijuana Legalization

Article by Jon Hernandez, CBC News

The likelihood of legal indoor pot plants has some landlords concerned about potential damage to their property. Landlords fear property values will go up in smoke with marijuana legalization Canadian residents will be allowed to grow four plants per household under expected legislation

Marijuana could be legal in Canada as early as next summer, and landlords are already concerned that new laws could pose risks to their property.

The federal government is expected to announce this month that pot will be legalized by July 1, 2018. The expected new laws will allow Canadian residents to grow up to four plants at home.

But some landlords are worried that those new liberties could put their property at risk, and are calling on the feds to give owners authority over whether their tenants are allowed to grow pot.

“This product doesn’t belong to be grown or smoked, frankly, in rental apartments,” said David Hutniak, president of Landlord B.C.

Where there’s smoke, there’s fire

Hutniak is concerned that allowing four plants to be grown per household could lead to significant damages that will ultimately cost homeowners.

His calls come after a recent CBC Go Public article that outlined the difficulties landlords face obtaining homeowners insurance when their tenants run legal grow-ops without their consent.

Read full article here.

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