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  Canada Immigration Forum > About Canada > Public Services > Water Heater on Rental
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Water Heater on Rental




Hi ,
I bought a property in Cambridge ON . I have water heater on rental from Reliance home comfort, had verbal agreement with previous owner. They have installed it 2010. I am paying $90 for 3 month. If anything wrong they come and repair it. It includes all maintenance.

I called them they said if you want to cancel you have to pay $700+ HST. Water heater will be yours. Cost of this water heater was $1300 only depreciation is $600 in 8 years. I was renting out this property for 2 years no issue with water heater.

Do you think it is worth to have their services or should I pay the lumsum amount to be owner of my water heater.

Need your advise.


 
Last edited by: Panasonic on 10-02-18 17:05:52
Panasonic

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Member since: May 10
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Post ID: 236685 10-02-18 17:04:12
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Full House
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Member since: Oct 12




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Sundays are meant to be holidays, am I right?

Not knowing the Make and the Model of the water heater and its capacity, I will refrain from any comments. It is your own statement here that says that you have had NO issues with it, I would let it ride. Most of the GAS heaters last 10-12 years. If you have the ORIGINAL Agreement from Reliance, then please read the same. If the agreement EXPIRES at the end of TEN Years which is what it normally says, then you are free to take over the HEATER at that time for a nominal sum, which you can find out from Reliance.

BUT.. There is always a BUTT, by that time which is TWO More years, you would have paid them *8 (Quarters) x $90 which will work out to be $720. So, Reliance now got you by your NUNUS so, it is Six of one and Half a Dozen of the other. THEY WIN.

Mmmm.. the good side of it is you can be the last of the BIG Spenders and tell them that you will pay and take it over or Cancel the Contract and agree for a lower sum, say $400-500 and see if they will bite it. If they do, then, hey you do save a couple of hundred there and it is FREE ride after that, till one fine day the water heater goes Kaput, which it rarely does. (If it does it is generally the down comer in the tank?) That is easy to FIX.

Good Luck guy. Hope it made your Sunday. Now see what Reliance has to say about the lower amount?


FH.

----
Quote:
Originally posted by Panasonic

Hi ,
I bought a property in Cambridge ON . I have water heater on rental from Reliance home comfort, had verbal agreement with previous owner. They have installed it 2010. I am paying $90 for 3 month. If anything wrong they come and repair it. It includes all maintenance.

I called them they said if you want to cancel you have to pay $700+ HST. Water heater will be yours. Cost of this water heater was $1300 only depreciation is $600 in 8 years. I was renting out this property for 2 years no issue with water heater.

Do you think it is worth to have their services or should I pay the lumsum amount to be owner of my water heater.

Need your advise.





 
Post ID: 236686 11-02-18 17:24:44
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MITRON
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Member since: Sep 17




Posts: 149
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Quote:
Originally posted by Panasonic

Hi ,
I bought a property in Cambridge ON . I have water heater on rental from Reliance home comfort, had verbal agreement with previous owner. They have installed it 2010. I am paying $90 for 3 month. If anything wrong they come and repair it. It includes all maintenance.

I called them they said if you want to cancel you have to pay $700+ HST. Water heater will be yours. Cost of this water heater was $1300 only depreciation is $600 in 8 years. I was renting out this property for 2 years no issue with water heater.

Do you think it is worth to have their services or should I pay the lumsum amount to be owner of my water heater.

Need your advise.



The average life of a water heater is about 15 years, before it starts corroding.

You can increase the life by flushing the water with a hose into your basement sink at least twice a year - Very easy to do. All the sediments are washed away.

There is a sacrificial ANODE rod inside the water heater. You can replace it once a year or couple of years to increase the life of the water heater further. Doesn't cost more than 15-20 bucks at Canadian tire, RONA, Lowes etc.

Basically the water and the chemicals inside it attack this sacrificial ANODE rode, instead of attacking the inner lining of the water heater.

If you do these 2 things you can easily get 20 years from a water heater.

RENTING a water heater is one of the worst things you can do. Too expensive.

A fully brand new high quality & high energy efficient water heater can be installed for
$ 1,000 ALL taxes included, delivery included & labour included from Lowes, Home Depot etc.

I guess you have no choice buy to pay $ 700 for a 8 year old water heater & buy it out, since you assumed the contract from the previous owner. Its probably in writing in your house sale agreement that you assume all the rentals etc for the house from the previous land owner.

If there is nothing in writing, you can probably fight it out and not pay the buyout charges and just ask them to come & pick up their water heater at no cost to you or a very little administrative cost to you.

And then you can install a brand new water heater for about $ 1,000 from Home Depot, Lowes, RONA etc


 
Post ID: 236692 12-02-18 03:38:14
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