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Toronto Landlords – How Much Can You Raise The Rent In 2015?

July 1st, 2014 · Rent Increase Guideline Toronto, Toronto Landlords

Toronto Landlords  How Much Can You Raise The Rent In 2015

The Ontario Rent Increase Guideline Was Announced and Toronto Landlords Can Only Raise the Rent 1.6 Per Cent in 2015

We have received lots of positive emails from Toronto landlords over our posts in 2015.

John Cheung from Scarborough was really happy to learn how Toronto landlords can run tenant credit checks to make sure you verify what they say to you and write in their application.

He has now become a member of the Ontario Landlords Association and found good tenants and is happy to become part of a large and growing group of serious and professional small residential landlords who are determined to succeed.

The Ontario Landlords Association was recommended in the Toronto Star for landlords to get credit checks and important documents.

John Cheung wrote in:

“Thank you for writing this very informational blog! The rental system in Ontario is quite ‘unique’ compared to Hong Kong and very challenging and I’m happy to become an OLA member and do tenant credit checks and found some good tenants!

Keep up the good work! Xie xie/Thank you!”

Questions About Raising The Rent

We have also received a lot of questions from landlords commenting on how expensive it is becoming to own a rental property.

For example, Andrew in Etobicoke wrote in:

“I rent to a family and all the utilities are included in the rent. They have rented from me for six years and with the price of electricity, gas, and water going up I’ve gone from a positive cash-flow situation to a negative cash-flow situation.

How much can I raise the rent? I will need to increase it by at least $200 per month to be able to keep being a landlord otherwise I have to sell. I can’t keep losing money.”

Ontario Rent Increase Guideline 2015

The Ministry of Municipal Affairs and Housing recently announced how much landlords can raise the rent for existing tenants in 2015.

It is only 1.6% and this was really disappointing for many small landlords.

Some Rental Properties Are Not Covered By the Rent Increase Guideline

If your property was build after November, 1991 you might be exempt from the rent increase guideline and can raise your rents as much as the market dictates (as long as you provide proper notice to your tenants).

This is the same situation as what Alberta landlords face. Give proper notice and raise the rent to keep from losing money.

Toronto Landlords – How Much Can You Raise the Rent?

For most residential landlords you can only raise the rent by 1.6% in 2015. Is that really enough to cover your increasing costs?

With such low rent increases it’s important to rent to good tenants.

Join the Ontario Landlords Association for a low one-time fee and start running tenant credit checks to make sure you know who you are renting to!

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Toronto Landlords – Landlord #7 Is Trying to Evict Nightmare Tenant Nina Willis

June 4th, 2014 · Credit Checks, Landlord Solutions, Ontario Landlord Credit Check, Ontario Landlords, Toronto Landlords

 Toronto Landlords - Landlord #7 Is Trying to Evict Nightmare tenant Nina Willis

A Scarborough Landlord Is the Latest Victim of a Tenant From Hell

Landlords all over the province are on high alert after reading about the latest landlord victim from the “Tenant From Hell”.

The report is from Metro News.

It’s about a tenant who they call a “tenant from Hell” because she is now at landlord #7 to cheat and cause financial destruction using and manipulating the Ontario Landlord and Tenant Board.

It’s also been reported at the Toronto Star.

And the Ontario Landlords Association has an editorial and a warning for Ontario landlords.

How To Rent To Good Tenants

We wrote before at the Toronto Landlords site about the importance of good tenant screening.

The majority of tenants out there are good and honest people.

They want to rent from you and will be good tenants.

What Is A Good Tenant?

You want to rent to these people, and they are the majority. They are decent people who want a safe, well-maintained and affordable home.

Even BC landlords have written about the challenges of finding good tenants.

And Alberta landlords are also now discussing the importance of renting from great tenants and avoiding the ‘professional tenants’ out there who want to rip off small landlords.

So what makes a good tenant?

1. They Want To Rent From Good Landlords

These good tenants want to rent from landlords who know the laws according to the Ontario Residential Tenancies Act and do things like give proper notice when making repairs.

2. Good Tenants Pay Rent On Time

These good tenants appreciate you and your Toronto rental property and will make sure they pay rent on time.

3. These Good Tenants Take Care of the Property

These tenants will move the lawn, shovel the drive-way and treat the property like they own it.

4. These Will Contact You If There Are Issues You Need To Take Care Off

Good tenants will call you if they see issues with the rental property.

For example, if there is a hint of mold they will call you so you can deal with it in the early stages.

5. Good Tenants Will Provide Proper Notice When Moving Out

Many Ontario landlords have emailed us complaining of tenants breaking the lease and moving with less than proper notice.

Good tenants read the rules and will fulfil their lease an provide proper notice so you can be ready to re-rent to new good tenants.

How Can I Rent To Good Toronto Tenants?

“Tenant From Hell” Nina Willis is now manipulation the Ontario Landlord and Tenant Board to live rent free while her Scarborough landlord is facing no rent, damages to the property, legal bills, and a huge amount of stress and frustration.

Don’t Become The Tenant From Hell’s Next Landlord Victim!

Whether you are an Ottawa Landlord, a Hamilton landlord or a Landlord with properties anywhere in the province, the advice is the same.

Make sure you screen your tenants carefully and always include a tenant credit check on the tenants (all of them who will rent the unit) before signing the lease and handing over the keys!

Check out the site Ontario Landlord Credit Check as it has great advice on the important of tenant screening.

Toronto Landlords – Find Great Tenants and Avoid the Tenants From Hell

Make Sure You Do A Tenant Credit Check On All Tenants Before Renting To Them.

Join the Ontario Landlords Association for a One-Time Registration Fee and Start Doing Premium Credit Checks For Only $10/Check!

Invest $10 to Make Sure You Rent To Great Tenants!

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Toronto Landlords: Tips and Advice For Renting to Students in Toronto

April 1st, 2014 · Rent to Students, Student landlords, Uncategorized

 Toronto landlords rent to students

Do You Want to Be a Successful and Profitable Toronto Student Landlord?

If you own rental properties in Toronto there has been a lot of good news in 2014.

It has nothing to do with changes in the Residential Tenancy Act or improvements at the Landlord and Tenant Board.

It’s all about the rising prices of real estate, including your rental properties.

According to Moneysense the average price of a property in Toronto is up 9% over last year and a leading place for people to live.

Detached homes were up 12% while condominiums saw a rise of 9.7% and semi-detached houses increased by 6.6%.

According to the Financial Post we should get ready for house prices to continue to rise in Toronto.

How To Find Good Tenants For Your Increasingly Expensive Property?

Your rental property is a financial asset that is going up in value.

So you want to make sure rent to good tenants.

With property prices going up you would hate to be stuck with a ‘tenant from Hell.’

One Idea Is To Rent To Students

Many Toronto Landlords Rent to Students. It’s a great opportunity.

Why?

Some of the reasons include:

1.  Students are too busy to manipulate the Landlord & Tenant Board

2.  Students have guaranteed income via the Ontario Student Assistance Program (OSAP)

3.  It’s normal for students to have ‘Guarantors’

4.  Students are often eager to leave campus and rent a private property.

5.  Toronto has some very large universities and a large student population

We have the biggest university in Canada…the University of Toronto (U of T).

The University of Toronto also has satellite campuses in place such as Scarborough.

How Can You Become a Successful Toronto Student Landlord?

The Ontario Landlords Association has a terrific interview with Jennifer Radley.

Jennifer is the manager of the University of Toronto Housing Services Department.

Her job is to help students find safe, affordable and high quality rental housing.

The interview was very helpful.

While some of the questions seem simple, the answers are very helpful for landlords to know what you need to do to find good student tenants.

For example, students are looking for excellent rental properties.

Landlords want good tenants….Students are also looking to rent from good landlords

1.  So what does a typical university student think makes a good landlord?

2.  How can a landlord make sure they are doing what good students tenants want?

3.  What do tenants not want their landlord to do?

Jennifer explained that tenants are looking for a landlord that maintains the property.

They also want a landlord who provides affordable rents and is aware of the Ontario Human Rights Commission rules and the laws landlords must abide by.

For example, tenants appreciate landlords who know they must provide 24 hour notice before entering the property.

You can read the full interview by clicking “Renting to Students in Ontario.”

In Our Era of Rising Property Prices It’s Essential You Rent to Good Tenants

Renting to students is an excellent option for landlords.

Stories of successful landlords are out there. 

Whether you are an Ottawa landlord renting to students at U of O or even an Alberta Landlord renting to students in Lethbridge, it’s a great option for landlords to consider.

To discuss this and other landlords ideas and issues welcome to the Toronto Landlords forum.

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Toronto Landlords: Review of Ontario Landlords Association Membership

March 13th, 2014 · Ontario Landlords, Rental Kits, Review of the Ontario Landlords Association, Tenant Credit Checks

 Review of the Ontario Landlords Association

Why We Recommend The Ontario Landlords Association

Being a landlord in Toronto and in the Greater Toronto Area (GTA) can be a very rewarding a profitable business in 2014!

Publications such as TheGRIDTO have headlines asking “Toronto Apartment Rentals – How Did They Get So Nuts?”

Real estate prices are rising and there are a lot of great tenants out there looking to rent.

If you are a professional, knowledgeable landlord with a great property and a fair rent price things haven’t been better in years.

With prices still rising and a low vacancy rate owning residential rentals properties in Toronto and the GTA is proving to be a great investment.

Professional Tenants

There are still dangers being an Ontario landlord.

This includes a rent increase guideline of only 0.8% that has some Ottawa landlords discussing moving to commercial properties.

It also includes the dangers of ‘professional tenants’ who know how to play every game and manipulate you and the  Residential Tenancy Act.

You only need to open a local newspaper to read about these professional tenants who end up making their landlord lose lots of money along with giving the landlord months of anxiety.

Even a Superior Court judge criticized the Ontario Landlord and Tenant Board for allowing pro tenants such a great opportunity to cause grief and huge financial losses for landlords.

One of the worst things is that these pro tenants like to target small landlords.

How Can You Protect Yourself?

One of the key ways to protect yourself is by joining a landlord association.

Unfortunately, the old school landlord associations focus more on large corporate landlords and not small landlords. 

Despite their marketing, these old associations are not run by experienced small landlords who know what other small landlords need to succeed.

Review of Ontario Landlords Association Membership

The Ontario Landlords Association was created  by a group of experienced and successful small and medium sized landlords.

Their goal was to help small landlords across Ontario network together, help each other, create a landlord community and have create a united “voice” so the government and media could finally know the challenges small landlords in Ontario faced.

And it worked! 

For the first time small landlords were able to get their stories out to the government and the media.

Whether it was issues regarding bedbugs or problems with the Landlord and Tenant Board, the Ontario Landlords Association got our side of the story out there.

This Toronto Sun article on the 2014 rent increase guideline shows you how important it is that small landlords finally have this voice.

Even the Ontario government quickly recognized the importance of the Ontario Landlords Association as a voice for small private residential landlords and an appreciation of what we offer.

What Tools and Services Does Ontario Landlords Association Membership Offer?

As the group of landlords grew larger they began to offer tools and services to help small landlords succeed.

Knowing small landlords are on a tight budget and cash-flow is tight, the fees for top-flight services were strongly negotiated to get the lowest prices possible for incredible services.

Why Should You Become a Member of the Ontario Landlords Association?

There are a whole lot of reasons. 

These include:

1.         You only pay a one-time fee to become a member

Landlords are on tight budgets and want to save money at all times. 

You can become an Ontario Landlords Association member for a one-time fee of only $99.

There are no annual fees! 

Just enough to cover the costs of running the site.

This is because the Ontario Landlords Association was created to help landlords and develop a large community of landlords to create a strong ‘voice’.

2.         Network with thousands of other landlords

The Ontario Landlord Association forum is the largest forum in Canada.

There are thousands of members in the Private Members forum networking and helping each other outside of the eyes of the general public.

3.         Tenant Credit checks

The Ontario Landlords Association offers the best landlord credit checks in Canada.

You can use TVS, Equifax or GARDA at a huge discount per check.

4.         Get access to leases, applications & more in the Rental Kit

The Ontario Landlords Associations landlords our own ‘online rental kit library’ that can be accessed 24/7 from your home or office computer.

You can choose from a large number of leases, applications and everything you need anytime you want to.

No need for photocopying because you can just download anytime!

5.         Landlord Guidebooks and Landlord Manuals

Members of the Ontario Landlords Association can download guidebooks and manuals on topics such as tenant screening and advertising.

Unlike the government sites, these guidebooks and manuals tell the ‘real story’.

And unlike for profit real estate sites like REIN these are not ‘sales books’ looking for you to invest in any type of investment or service.

We Strongly Recommend Membership with the Ontario Landlords Association

For only a low one-time fee you get access to tremendous services at terrific prices. We’ve written before how important tenant credit checks are.

Joining the Ontario Landlords Association is the deal of a lifetime for Ontario landlords and will help you and your landlord business succeed.

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Toronto Landlords: How Much Can I Raise the Rent for New Condos, Townhouses, and Apartments?

March 1st, 2014 · 1991 rent exemption, Rent Increase for New Property

 Toronto landlords how much can i raise the rent for new buildings

Your Property Might Be Exempt from the 2014 Rent Increase Guideline!

The news from the Ontario Ministry of Municipal Affair and Housing shook the world of landlords when the news of the Rent Increase Guideline was announced.

According to the Ministry landlords can only raise the rent 0.8% in 2014.

We wrote about this earlier and about how many landlords were dissatisfied with such a low legal increase.

Even articles in the Toronto Sun had landlords saying such a low rent increase would not cover their costs.

After all property taxes aren’t capped at less than 1 %. 

Neither are the increased costs for electricians, plumbers and other professionals who landlords reply on (and pay) to maintain our properties in good, safe condition.

In the Toronto Sun story a Mississauga landlord explained that such low increases drive good landlords out of the industry because good landlords want to keep their properties in good shape and need rent to help pay to do so.

Meanwhile, landlords who don’t care about keeping their properties safe and maintained don’t care about such a low rent increase because they won’t spend on their rentals.

Some Ottawa landlords wrote how they were going to leave the residential rental sector for the commercial sector where there are fewer government controls.

Other Ontario landlords have expressed an interest in leaving Ontario and investing in other provinces such as British Columbia where the guideline is the inflation rate plus 2% (to protect landlords and make sure they can cover costs) or the province of Alberta (where there is no rent control for landlords).

I Heard Some New Buildings Can Raise the Rent As Much As The Landlord Wants

There is good news for landlords who own newer rental properties.

According to the Ontario Landlords Association some properties are exempt from the Rent Increase Guideline.

For example, while the Residential Tenancies Act restricts how much landlords can raise the rent these but rent control provisions only apply to buildings occupied before November 1st, 1991.

Why Are New Buildings Allowed To Raise The Rent?

Linda Jeffrey is the Minister of Municipal Affairs and Housing. The Minister provided us with the following information about why new buildings are allowed to raise the rent above the guideline while older properties cannot. 

She said:

- The post 1991 rent exemption was first introduced to be an incentive to private landlords to create new rental properties

- This exemption has been maintain for the same purpose

- The incentive helps ensure Ontario has new rental properties coming into existence

- The creation of new rental stock creates employment in the construction industry and helps the Ontario economy.

Was Your Condo, Townhouse, House or Apartment for Rent Built After Nov 1, 1991?

If it was you are probably exempt from rent control and can raise the rent as you see fit.

Make sure you check out the Landlord and Tenant Board website to find out more information.

To Discuss This And Other Landlord Issues Take A Look At the Toronto Landlord Forum

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Toronto Landlords: Rent Increase for 2014

January 3rd, 2014 · Rent Increase 2014, Toronto Landlords

Toronto landlords rent increase 2014

Many Toronto Landlords Are Asking ‘How Much Can I Raise the Rent in 2014?’ You Won’t Like the Answer

The year 2013 started with many predicting property prices to come crashing down in Toronto.

There were lots of doom and gloom pundits predicting a huge lowering of house and condominium prices.

The good news is it didn’t happen.

In fact, the market was stable and prices increased most neighborhoods.

Toronto Vacancy Rate

According to the Toronto Star vacancy rates in 2013 were just about equal to the figures from 2012.

Ed Heese is a senior market analyst at the Canada Mortgage and Housing Corporation (CMHC).

He said the Toronto market was strong because of two main factors:

1. With new mortgage rules fewer young renters were becoming new house owners

2. More young people are seeking to live and work (and rent) in Toronto

There are a lot of good tenants out there. And you don’t even have to gift them gifts if you don’t want to.

While there are more rentals units coming on the market the demand still led to rents being up 3% compared to a year earlier.

Good News for Toronto Landlords

With vacancy rates holding firm things are looking good for 2014.

Most experts also predict steady low interest rates and more immigrants moving to Toronto and the GTA.

A large number of newcomers to Canada choosing our area as their home has also benefited Hamilton Landlords and investors all around southern Ontario.

Challenges Ahead: The Rent Increase Guideline for 2014

As experienced landlords know, our province has ‘rent control.’

This means we can only raise the rent for our current tenants by an amount announced by the provincial government.

The Toronto Sun announced the 2014 Rent Increase Guidelines and many new landlords were stunned.

Why?

Because Toronto landlords can only raise the rent by 0.8% in 2014.

It’s the second lowest rate since 1975 and most landlords don’t believe it comes anywhere near meeting the higher costs we will face.

1991 Rent Increase Guideline Exemption

Landlords with newer properties do not need to follow the government’s guideline.

It’s very important to know that if your property was not built before November 1st, 1991 you can raise the rent as much as you feel necessary to cover your costs.

You still must give proper notice to your tenants.

Opportunities and Challenges for Toronto Landlords in 2014

The low allowable rent increase is a challenge we face in the new year.

In fact, it’s only one of the challenges.

However Toronto landlords are ready and excited about 2014.

With good tenant screening and lots of good tenants out there, the new year is one filled with opportunity.

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Toronto Landlords: Is It a Good Idea To Give Christmas Gifts To Your Renters?

December 16th, 2013 · Toronto Landlords, Toronto tenants

 Toronto landlords do you give tenants Christmas gifts

Many times the only contact landlords have with their tenants is if they have to go to the Landlord and Tenant Board.

And we know it’s important to have a good relationship with your tenants considering it can take months to evict a bad tenant and cost you thousands of dollars along the way.

Some landlords swear giving gifts is a great way to create strong relations with your tenants while others disagree

You remember when you were a kid how great it was to see another present for you added under the tree.

Even as an adult most of us appreciate when someone gives us an unexpected gift.  It could be from your neighbor, a relative who you haven’t seen for a while or even a co-worker or boss.

What about giving gifts to your good tenants?

It’s a question that was recently asked at the Ontario Landlords Association forum.

Landlord Carole Says Yes

A Hamilton landlord named Carole said most of her tenants are on fixed incomes.

Her tenants pay rent on time (and some even regularly pay early) and she buys gifts to show her appreciation.

As her tenants are on fixed incomes Carole knows her tenants don’t have the extra funds to treat themselves to something special. So she goes to Costco and buys cookie and chocolate baskets for her tenants.

The baskets look good, taste great, and only cost $20 each. Her experience is her tenants really like them and appreciate their landlord showing class and generosity.

Carole says when she gives her tenants gives she was “thanked with hugs and big smiles from each one.”

She says her tenants are very good to her and her properties so she wants to “make sure they know that we appreciate that about them too.”

Niagara Falls Landlord Says No

A landlord in Niagara Falls doesn’t give gifts to his tenants.

He says he doesn’t see a need to.

He is a professional landlord and his tenants are already rewarded with well maintained properties and a service-oriented landlord.

Another landlord in British Columbia says many of his tenants don’t even celebrate Christmas and would find it weird if he gave them gifts.

It Is a Good Idea To Give Christmas Gifts To Your Good Tenants?

There’s no set and firm opinion. It depends on you and how you feel you can best deal with your tenants.

You can join in the discussion at the Landlord Forum and even vote for what you think is the best option.

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Tenant Screening Toronto: Tenant Credit Checks

November 5th, 2013 · Tenant Credit Checks

 Tenant Screening Toronto Tenant Credit Checks

We’ve already tackled some important issues facing Toronto Landlords.

Whether it’s dealing with freeman-on-the-land tenants or taking your tenants to small claims court, we are hitting important topics and issues. And these topics are important for Ontario landlords.

Renting To New Tenants

One of the most common questions we receive are requests for tips and advice on how to find good tenants.

Here’s a recent email in from “Mike from Toronto”

Mike’s Landlord Story

I inherited my tenant when I purchased my rental property three years ago.

The previous owner recommended her and said he was sorry to sell the property.

He was retired and needed to cash out to pay for his new retirement home on the beach in Florida.

Upon his recommendation I took over the rental and the tenant.

For the past three years Jen has been an ideal tenant!

She has always paid on time and kept the property in terrific shape.

She even did those ‘little repairs’ herself instead of calling me to fix the small things.

When you have a tenant like this being a Toronto landlord is easy and, dare I say it, fun.

I received proper notice from Jen she has bought her own condo and will move out in 60 days.

I’ve now started to try to find a new tenant. This will be my first tenant.

Already I’m finding it really hard and am looking for some advice. I’m a bit scared.

No, make that really scared with all the stories I’ve been reading about landlords getting ripped off.

Tenant Screening

Mike should be a little scared.

After all there are lots of examples of bad tenants out there who manipulate the Landlord and Tenant Board.

Stories about tenants who don’t pay rent, do lots of damages and ‘play’ the Tenant-friendly Ontario system are numerous.

There are lots of bad tenants out there.

How Can Toronto Landlords Find Good Tenants?

One of the best ways to make sure your tenant will pay the rent and respect your property is a Tenant Credit Check.

This will show you the history of your potential tenant including:

1. Do these tenants have any lawsuits against them?

2. Do these tenants pay their bills on time?

3. Do these tenants owe money to anyone?

By looking at their financial history you can get a heads up on their present and future financial actions.

Few tenants with good credit scores want to ruin those scores by cheating their landlord and not paying rent.

Where Can I Do A Toronto Landlord Credit Check?

The Ontario Landlords Association offers the best quality credit checks out there for the most affordable fees.

Check out the Ontario Landlords Association membership page.

For a one-time fee you can start doing tenant credit checks with Equifax for only $10.

It’s a deal for Toronto landlords that can’t be beat.

Make sure you do property tenant screening, including tenant credit checks to find good tenants who pay on time and respect your property!

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Freeman On The Land Tells Landlady – This Basement Apartment Is Now My Embassy

October 2nd, 2013 · credit check, criminal check

 Freeman on the land declares rental property his embassy

Toronto Landlords Need To Screen Our Tenants Carefully!

We’ve already discussed what options Toronto Landlords have to seek justice after your tenants move out.

Small Claims Court can be a long and complicated process but it’s an option for landlords if your tenants leave owing you rent or have damaged your rental property.

What If Your Tenants Won’t Move Out

The Huffington Post had a crazy story last week about a landlord in Calgary who faced a tenant who

1. Refused to pay the proper rent

2. Damaged the property

3. Changed the locks without permission

4. Painted the bedrooms black

5. Wouldn’t move out when asked

It’s a must read story for all Toronto investment property owners and potential investors.

Crazy, Crazy, Crazy!

The situation was explained at the Ontario Landlords Association website.

The Freeman Tenant said he was a handyman.

He received a recommendation from the landlady’s friend and persuaded the landlady to allow him to move in and make improvements to the unit in exchange for the three month’s rent.

It was too late for Rebekah Caverhill to discover that the tenant has replaced the locks, gutted the bathroom as well as the kitchen and more.

Your Basement Is Now My Embassy! I Own It!

Caverhill was afterwards informed that he was a Freeman-on-the-Land and he declared the property was his embassy.

No this isn’t a joke.

Freemen are so-called “sovereign citizens” who believe that they are free from the government’s restrictions and conspiracies.

The group believes laws only govern them if they agree to it.

The B.C. Law Society claims there might be 30,000 Freemen in Canada.

That’s 30,000 people who believe they don’t have to pay taxes, utility bills, mortgages, parking tickets…or rent!

Oh, By The Way You Owe Me $26,000 For the Damages I Did To Your Basement Apartment

She was also given an invoice of $26,000 from the tenant’s personal company for all the work done and a Land Titles Office notice for a $17,000 lien, a legal claim to secure the performance payments or a debt on the property.

Could This Happen in Toronto?

Yes, it could.

Furthermore, the laws in Alberta are for favourable to landlords and good tenants.

The laws in Alberta allow for quicker evictions which means landlords can evict bad tenants and create more options for good ones.

Things are very different in Ontario where the Residential Tenancies Act and the Landlord and Tenant Board reward bad tenant behaviour.

If this Freeman tenant rented a basement in Ontario who knows how long it would take to evict!

Tenant Screening

Toronto landlords this is a wake up call for all of us. Make sure you screen your tenants well including a credit check and a criminal check.

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Toronto Landlords and Small Claims Court (what to do after your tenant moves out!)

September 12th, 2013 · Landlord Rights

 Toronto landlords go to small claims court after reading the Ontario Landlords Association homepage

Being A Successful Toronto Landlord Means Being Kind, Professional, Having a Great Property … and Always Prepared (even for Small Claims Court)

We live in a great city.

Just today at the opening of the new burger restaurant Wahlburgers, owner and Hollywood star Mark Wahlberg said this about our lovely city

It’s the “the most interesting city in the world!”

If you don’t immediately recognize the name Mark Wahlberg think of the classic movie ‘Boogie Nights”, his “Good Vibrations” super hit (under the name Marky Mark in the early 1990’s) or even the, um, not bad remake of Planet of the Apes in 2001.

Toronto Is Interesting

Our city is interesting. It’s even more interesting if you are a residential landlord in the city.

There is a huge number of excellent tenants here.

We have already provided some advice on how to attract these great tenants and generate interesting in your rental property. 

See:  How To Find Great Tenants? One Landlord Gives an iPad If You Rent One Of His Units

Lots of Good Tenants and Lots of Bad Tenants Out Here Too

Let’s be frank. While the majority of tenants in Toronto are good rule abiding people, there are also some not so good tenants.

Some people refer them to Tenants from Hell. They are out there.

We would prefer to call them ‘bad apples’ if that’s okay.

What Can You Do If Your Tenant Leaves You Owing Rent Or Has Damaged Your Property?

This is a great question.

Most people will say you need to go to the Landlord and Tenant Board.

For tenants who have moved out and have issues with their former landlord this is, in fact, the way to go.

Landlords Can’t Use the Landlord and Tenant Board

In another example of the unfairness for landlords under the Ontario Residential Tenancies Act, after a tenant moves out the landlord can’t go to the LTB.

Only tenants can. Yes, really.

So What Can A Landlord Do?

If you are the landlord you have to go to Small Claims Court.

Many people find the idea of going to Court very intimidating.

Fortunately there is an amazing story at the Ontario Landlords Association.

The story is about an OLA member describes his experience at a ‘Settlement Conference’ at Small Claims Court.

It’s great reading for all landlords.

Make sure you don’t miss it!

To Discuss This And Other Landlord Issues Go To the Ontario Landlord Forum

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