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#8145385 - 03/26/15 10:03 AM New home water tank rental v.imheated
Denis Si Offline
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Registered: 04/11/01
Posts: 2798
Loc: T.O.
This whole rental of water tank scam needs to fucking stop. My am I suppose to be shackled by this "commitment"?

So heated right now with this bullshit. Pretty much forced to pay almost 50$ for 120 months or buy this "energy saving" shot for 2800$.

Should be included in the price of the house with warranty.

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#8145420 - 03/26/15 10:19 AM Re: New home water tank rental v.imheated [Re: Denis Si]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
Talk to Screamin, he'll get you a tank installed for a very good price. Just waiting on an install date now.
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#8145423 - 03/26/15 10:21 AM Re: New home water tank rental v.imheated [Re: Choco 'Nuck]
spd-dmn Offline
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Registered: 11/24/04
Posts: 2271
after a while are the contracts month-to-month?

or is there only a fixed term?


im debating ripping the rental out and buying one too.. but the existing agreement is only $11/mo and the prev owner is saying it's month-to-month?


so idunnoz

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#8145460 - 03/26/15 10:43 AM Re: New home water tank rental v.imheated [Re: spd-dmn]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
Contract is laid out like this.


Buy out is 2800+ hst

Rental term is 120 months, buy out at any time at 44$ tax in ann every year rental prices goes up 2.5%


I'm going to talk to a lawyer and see if my purchase agreement states that I MUST assume rental of the tank. Fucking 3200$ tank, unbelievable

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#8145464 - 03/26/15 10:47 AM Re: New home water tank rental v.imheated [Re: spd-dmn]
Hatorade Offline
pheggit
Post Master Supreme


Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
 Originally Posted By: spd-dmn
after a while are the contracts month-to-month?

or is there only a fixed term?


im debating ripping the rental out and buying one too.. but the existing agreement is only $11/mo and the prev owner is saying it's month-to-month?


so idunnoz


Yeah mine is at $20 or so, not exactly in a rush to get rid of the rental...but if it was $50, fuck that noise.
_________________________

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'08 E90 M3
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'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8145509 - 03/26/15 11:11 AM Re: New home water tank rental v.imheated [Re: Hatorade]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
 Originally Posted By: Hatorade
 Originally Posted By: spd-dmn
after a while are the contracts month-to-month?

or is there only a fixed term?


im debating ripping the rental out and buying one too.. but the existing agreement is only $11/mo and the prev owner is saying it's month-to-month?


so idunnoz


Yeah mine is at $20 or so, not exactly in a rush to get rid of the rental...but if it was $50, fuck that noise.
exactly!! Not even fixed. Increase each year

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#8145511 - 03/26/15 11:14 AM Re: New home water tank rental v.imheated [Re: Denis Si]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
yup, pure scam.
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#8145520 - 03/26/15 11:21 AM Re: New home water tank rental v.imheated [Re: Euphoricuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
 Originally Posted By: Euphoric
yup, pure scam.


Yup and 15 year contracts. Like WTF. I wish I could get out of my rental.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

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#8145586 - 03/26/15 11:58 AM Re: New home water tank rental v.imheated [Re: LNXGUY]
spd-dmn Offline
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Registered: 11/24/04
Posts: 2271
so wait.. these things are forced onto the buyer of a new build?

w.t.f.

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#8145614 - 03/26/15 12:12 PM Re: New home water tank rental v.imheated [Re: spd-dmn]
iamfob Offline
Post Master Supreme


Registered: 09/06/02
Posts: 24697
Loc: Out There
I bought my 50 Gallon tank in 2012 from Lowes. Best decision evAr
Based on the current rental rate, in less than 4.5 years, the tank will pays for itself.
_________________________
FTMFW!!!

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#8145617 - 03/26/15 12:13 PM Re: New home water tank rental v.imheated [Re: spd-dmn]
LNXGUY Moderator Offline
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Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
 Originally Posted By: spd-dmn
so wait.. these things are forced onto the buyer of a new build?

w.t.f.


That's between you and the builder.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

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#8145643 - 03/26/15 12:27 PM Re: New home water tank rental v.imheated [Re: iamfob]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
Loc: Canadistan
 Originally Posted By: iamfob
I bought my 50 Gallon tank in 2012 from Lowes. Best decision evAr
Based on the current rental rate, in less than 4.5 years, the tank will pays for itself.
but what happens if it needs repairs?

omg what will you do1?!1?oshfiyfqy198711798jhdk

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#8145678 - 03/26/15 12:44 PM Re: New home water tank rental v.imheated [Re: Euphoricuck]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Euphoric
 Originally Posted By: iamfob
I bought my 50 Gallon tank in 2012 from Lowes. Best decision evAr
Based on the current rental rate, in less than 4.5 years, the tank will pays for itself.
but what happens if it needs repairs?

omg what will you do1?!1?oshfiyfqy198711798jhdk


warranty bruh.
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Who cares

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#8145679 - 03/26/15 12:44 PM Re: New home water tank rental v.imheated [Re: spd-dmn]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
 Originally Posted By: spd-dmn
so wait.. these things are forced onto the buyer of a new build?

w.t.f.


Pretty much. It's in the agreement. I'm gonna try to see if I can pull a risky, scam something and get out

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#8145681 - 03/26/15 12:45 PM Re: New home water tank rental v.imheated [Re: c2k]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
 Originally Posted By: c2k
 Originally Posted By: Euphoric
 Originally Posted By: iamfob
I bought my 50 Gallon tank in 2012 from Lowes. Best decision evAr
Based on the current rental rate, in less than 4.5 years, the tank will pays for itself.
but what happens if it needs repairs?

omg what will you do1?!1?oshfiyfqy198711798jhdk


warranty bruh.


Parts only. You will have to pay for labour lol

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#8145683 - 03/26/15 12:46 PM Re: New home water tank rental v.imheated [Re: Denis Si]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
the water heater in my house is mine. If I recall correctly, I paid under 1100 all in for it and comes with a 12 year parts/labour warranty. ZOMG! MUCH VALUE!
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Who cares

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#8145688 - 03/26/15 12:49 PM Re: New home water tank rental v.imheated [Re: c2k]
Screamin Type ARGH! Offline
High Value Poster
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Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
yeah it's redonk.

just buy tank at HomeDepot for basic types.

else i can get you guys tanks, straight up purchase, no contract bs.
buy whatever size, nicer quality than HD, pv or non-pv.
_________________________

"Ban low performance drivers, not high performance cars"

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#8145712 - 03/26/15 01:02 PM Re: New home water tank rental v.imheated [Re: Screamin Type ARGH!]
Screamin Type ARGH! Offline
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Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
btw, wayne you missed this one:

http://www.citynews.ca/2015/03/26/province-to-give-low-income-families-relief-on-hydro-bills/

\:D we be supporting toronto po'folk' now
_________________________

"Ban low performance drivers, not high performance cars"

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#8145904 - 03/26/15 02:04 PM Re: New home water tank rental v.imheated [Re: Screamin Type ARGH!]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
 Originally Posted By: Screamin DC2R
btw, wayne you missed this one:

http://www.citynews.ca/2015/03/26/province-to-give-low-income-families-relief-on-hydro-bills/

\:D we be supporting toronto po'folk' now

Wow, just wow. What are you doing having a family of 4 with an annual income of less than 28k No issues, everyone else who is struggling themselves will subsidize your bills.

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#8145910 - 03/26/15 02:09 PM Re: New home water tank rental v.imheated [Re: Choco 'Nuck]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
 Originally Posted By: Chocolate Canuck
 Originally Posted By: Screamin DC2R
btw, wayne you missed this one:

http://www.citynews.ca/2015/03/26/province-to-give-low-income-families-relief-on-hydro-bills/

\:D we be supporting toronto po'folk' now

Wow, just wow. What are you doing having a family of 4 with an annual income of less than 28k No issues, everyone else who is struggling themselves will subsidize your bills.


"t dot o dot, one of a kind"
_________________________

"Ban low performance drivers, not high performance cars"

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#8145968 - 03/26/15 02:37 PM Re: New home water tank rental v.imheated [Re: Denis Si]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44789
 Originally Posted By: Denis Si
This whole rental of water tank scam needs to fucking stop. My am I suppose to be shackled by this "commitment"?

So heated right now with this bullshit. Pretty much forced to pay almost 50$ for 120 months or buy this "energy saving" shot for 2800$.

Should be included in the price of the house with warranty.


You got suckered and there is nothing you can do (Welcome to the club, my fee is $16/month ).

There is no one to blame, but your lawyer. I don't know if your lawyer walked you through your entire purchase agreement, but mine basically made me initial the pages without explaining anything because he is a piece of shit scumbag.

By you signing the page (check your legal docs) you've assumed liability and you are stating that you understand the contract and you've read it (I bet you didn't, like most people...good luck proving that). Thank you very much for assuming over the contract, boom winky now you are fucked.

I wish i could tell you there was a scam to get out of it, after extensive searching and talking to people there isn't much you can do as the laws changed in 2010 where you can't cancel these contracts. In addition, if you were to take this up with the lawyer you will be burning a bridge (he threatened to call the cops on me if I didn't leave his office). Yes I was a little bit pissed when that POS blindly made me sign shit that I thought was standard practice (having never bought a house) and then he proceeded to deny that in my face when I called him out on it. I still debate arson on his home \:\|

Funny enough I was with another real estate lawyer today for another matter and I swear these people are the most incompetent morons, is real estate law a notch above a legal secretary? Where is the real benzo to chime in?


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#8146001 - 03/26/15 02:55 PM Re: New home water tank rental v.imheated [Re: Screamin Type ARGH!]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Screamin DC2R
btw, wayne you missed this one:

http://www.citynews.ca/2015/03/26/province-to-give-low-income-families-relief-on-hydro-bills/

\:D we be supporting toronto po'folk' now


Hey Thanks! Now I can get free Hydro! Thanks for your support folks!
_________________________
Who cares

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#8146007 - 03/26/15 02:56 PM Re: New home water tank rental v.imheated [Re: Risky Business]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: Risky Business
 Originally Posted By: Denis Si
This whole rental of water tank scam needs to fucking stop. My am I suppose to be shackled by this "commitment"?

So heated right now with this bullshit. Pretty much forced to pay almost 50$ for 120 months or buy this "energy saving" shot for 2800$.

Should be included in the price of the house with warranty.


You got suckered and there is nothing you can do (Welcome to the club, my fee is $16/month ).

There is no one to blame, but your lawyer. I don't know if your lawyer walked you through your entire purchase agreement, but mine basically made me initial the pages without explaining anything because he is a piece of shit scumbag.

By you signing the page (check your legal docs) you've assumed liability and you are stating that you understand the contract and you've read it (I bet you didn't, like most people...good luck proving that). Thank you very much for assuming over the contract, boom winky now you are fucked.

I wish i could tell you there was a scam to get out of it, after extensive searching and talking to people there isn't much you can do as the laws changed in 2010 where you can't cancel these contracts. In addition, if you were to take this up with the lawyer you will be burning a bridge (he threatened to call the cops on me if I didn't leave his office). Yes I was a little bit pissed when that POS blindly made me sign shit that I thought was standard practice (having never bought a house) and then he proceeded to deny that in my face when I called him out on it. I still debate arson on his home \:\|

Funny enough I was with another real estate lawyer today for another matter and I swear these people are the most incompetent morons, is real estate law a notch above a legal secretary? Where is the real benzo to chime in?



Really? Absolutely no way at all to get out of a water tank contract??
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Who cares

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#8146468 - 03/26/15 06:14 PM Re: New home water tank rental v.imheated [Re: c2k]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
Risky - this is my second home. LOLer didn't say shit but I tried to take that clause out and builder said NO ( they get a kick back for sure these scum). I knew this rental shit is in every fuckkng purchase agreement nowdays. And if you don't like it, then move on I was told.

Long story short fuck paying them. 3200 down the drain, fuck renting. Btw I calculated and it would cost 6100$ after 10 years AND you don't own the tank.

C2K - no way out. Part of your agreement purchase documents.

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#8146508 - 03/26/15 06:47 PM Re: New home water tank rental v.imheated [Re: Denis Si]
loudsubz Offline
Post Master Supreme


Registered: 08/16/01
Posts: 11333
Loc: Ontario, Canada
so if you just stop paying and leave the tank on the curb and give them a call are they likely to lawyer up and come after you?
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#8146536 - 03/26/15 07:19 PM Re: New home water tank rental v.imheated [Re: loudsubz]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
Your bill wouldn't be fully paid so eventually you would probably get warnings , maybe even have gas shut off to house and the outstanding shit sent to collections /wreak havoc on your credit.
_________________________

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#8146572 - 03/26/15 07:44 PM Re: New home water tank rental v.imheated [Re: Euphoricuck]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
 Originally Posted By: Euphoric
Your bill wouldn't be fully paid so eventually you would probably get warnings , maybe even have gas shut off to house and the outstanding shit sent to collections /wreak havoc on your credit.


What euphoric said but they will get you before that. I read on RFD someone tried to not sign up, so when it came time for lawyer paperwork and keys, the funds wouldn't clear because of lien on the property lol

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#8146613 - 03/26/15 08:18 PM Re: New home water tank rental v.imheated [Re: Denis Si]
zc911 Offline
Ferrari4Sale 😎
Post Master Supreme


Registered: 01/01/00
Posts: 16449
Loc: toronto
I am sooooo glad we got out of our ripoff contract. It was $30 a month and it was 19 years old when it popped. We did not have to pay any cancelation fees.
They wanted their toasted tank back. I waited around all day and nobody showed. I called them up, said its on the porch, if it's not picked up tommorow I'll move it to the curb then you can race the scrap guys for it.m they where no very happy about that and said if they don't pick it I would have to pay full price to replace it. They came the next morning and picked it up.
I bought the biggest one at Home Depot and installed with the help of my brother (plumber) and friend ( gas fitter apprentice).
It was cheap enought that if it lasts only 5 years I still come out ahead lol


Edited by zc911 (03/26/15 08:20 PM)
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all car stuff all the time

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#8146816 - 03/26/15 10:25 PM Re: New home water tank rental v.imheated [Re: c2k]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
 Originally Posted By: c2k


Really? Absolutely no way at all to get out of a water tank contract??


Sure, buy out the tank from the rental company. You'll pay through the nose, but it's pretty much the only way.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

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#8146981 - 03/27/15 06:12 AM Re: New home water tank rental v.imheated [Re: Denis Si]
Risky Business Offline
Provides a Great Work Environment. he/him
Post Master Supreme


Registered: 05/17/10
Posts: 44789
 Originally Posted By: Denis Si
Risky - this is my second home. LOLer didn't say shit but I tried to take that clause out and builder said NO ( they get a kick back for sure these scum). I knew this rental shit is in every fuckkng purchase agreement nowdays. And if you don't like it, then move on I was told.

Long story short fuck paying them. 3200 down the drain, fuck renting. Btw I calculated and it would cost 6100$ after 10 years AND you don't own the tank.

C2K - no way out. Part of your agreement purchase documents.


What a bunch of scumbags, this should be illegal (forcing people into this bullshit, who the fuck needs to rent $1k equipment over 10 years )

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#8147009 - 03/27/15 07:27 AM Re: New home water tank rental v.imheated [Re: Euphoricuck]
iamfob Offline
Post Master Supreme


Registered: 09/06/02
Posts: 24697
Loc: Out There
 Originally Posted By: Euphoric
 Originally Posted By: iamfob
I bought my 50 Gallon tank in 2012 from Lowes. Best decision evAr
Based on the current rental rate, in less than 4.5 years, the tank will pays for itself.
but what happens if it needs repairs?

omg what will you do1?!1?oshfiyfqy198711798jhdk


I forgot if it came with 10 years warranty or not. I may have bought the extended warranty with the purchase, need to dig out the paperwork. But breh the $40+HST a month rental fee is bullshit
_________________________
FTMFW!!!

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#8147010 - 03/27/15 07:28 AM Re: New home water tank rental v.imheated [Re: Screamin Type ARGH!]
iamfob Offline
Post Master Supreme


Registered: 09/06/02
Posts: 24697
Loc: Out There
 Originally Posted By: Screamin DC2R
yeah it's redonk.

just buy tank at HomeDepot for basic types.

else i can get you guys tanks, straight up purchase, no contract bs.
buy whatever size, nicer quality than HD, pv or non-pv.


If I knew back in 2012, I would have bought one off you
_________________________
FTMFW!!!

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#8147086 - 03/27/15 08:33 AM Re: New home water tank rental v.imheated [Re: iamfob]
Denis Si Offline
Post Master


Registered: 04/11/01
Posts: 2798
Loc: T.O.
Screamin should camp in front of builders sales office and sling water tank deals left right and centre lol
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#8147123 - 03/27/15 08:52 AM Re: New home water tank rental v.imheated [Re: Denis Si]
Screamin Type ARGH! Offline
High Value Poster
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Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
indeed
_________________________

"Ban low performance drivers, not high performance cars"

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#8365870 - 09/15/15 08:03 AM Re: New home water tank rental v.imheated [Re: Screamin Type ARGH!]
spd-dmn Offline
Post Master


Registered: 11/24/04
Posts: 2271
old thread revival

So on the first gas bill, the rental fee was the same as the prev. owner was paying.. 11 bucks a month. Great diu right?

I look at the second bill and it doubled to 20 bucks. Still a good price compared to 50, but now makes me really want to consider buying.

Anyone dealt with this shit? I don't even know what the terms of the contract are.. can I call them up and tell them to produce the agreement?

Is there such thing as month-to-month without a contract?


Anyone other than zc deal with actually going through the return/drop-off process?

It's "only" 20 bucks but I'm fuckn pissed.

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