Tenants Rights When Renting In Ontario

Tenancy laws are in place to protect renters rights when leasing an apartment or home. Without knowledge of your rights landlords may be violating yours. Below are some common questions and misconceptions about leasing. 

What are the rules about rental deposits?
There is much confusion about what a landlord can hold a deposit for. Some landlords or property managers will ask for a deposit for keys or pet damages. In Ontario Canada a key deposit is only applicable if additional keys are required.

A tenant may voluntarily offer a deposit against pet damages but tenancy shouldn’t be based on having one. 

The maximum amount a tenant should be asked to pay for a deposit is the equivalent of one month's rent. Which is typically applied against their last month of tenancy.

Getting Great Tenants To Sign A Lease Agreement

The Art Of Signing The Lease

One of the most important steps in running a successful income property is signing the tenant. Having the right tenants can mean the difference between success or complete frustration. If you’ve chosen well, your property will practically run itself.

Landlords/property owners must follow a well planned process. Taking the first couple(and I’ve heard this has been done) to have first and last months rent can cost you money and sleep in the long run. Screening your prospects and proper background checks are paramount.

First, have your unit “show ready”. If it’s already vacant great, you can begin the clean up. Showing your unit before it’s ready can turn off your best prospects.

The next step is to get your advertising out there. Lawn signs aren’t enough. Many people look online for apartments as well as print advertising, learn to use it. If possible have everything set to go at once. This is your Ad’ campaign .

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