Real Estate How should I approach telling my neighbours we’re renting out our cottage By Cottage Life Published: October 25, 2022 share Share on Facebook Share on Twitter Share on Pinterest Copy Link Cancel Renting out your cottage can be necessary to offset the costs of carrying a waterfront property, which typically has a higher assessed value than a non-waterfront property. This usually means waterfront property owners pay a larger amount of municipal property taxes than the overall Ontario average of $2,800, according to FOCA’s 2022 Economic Impacts of Waterfront Property Households in Ontario report. If you’re considering renting as an option and you’re on the fence about telling your neighbours, Cottage Life’s senior associate editor Alysha Vandertogt has some good reasons why you should and how it could benefit you. Watch the video to find out the best way to broach the subject. Related Story Editor Michelle Kelly talks (first-hand) about renting at the lake Related Story Tiny Township approves new short-term rental regulations