How Small Landlords in Ontario Should do Research: Resources and Methods The internet was supposed to usher in the age of information, and in many ways it has. However, social media threw a few tsunami-sized ripples into online information, distorting it and making it tougher to sort out correct from incorrect. Now, we have […]
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How Much Can I Ask My Tenant to Clean The Unit When They Move Out? If you hang out in any online groups for landlords in Ontario, you know one of the most contentious issues is how much or little a tenant has to clean the unit when they leave. As landlords, we understandably
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CRA Confirms No Tenant Liability for Foreign-Owned Property Income Taxes Earlier this year, a case was decided that had tenants trying to find out if they lived in a foreign-owned property or not when the Canada Revenue Agency found a tenant liable for paying withholding taxes that their landlord had not remitted. Recently, the CRA
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Desperate Toronto landlords are increasingly turning to a new strategy to oust reluctant tenants, offering them money to vacate their units. Known as ‘cash for keys’ this tactic is on the rise across the city, according to a recent report. It’s not hard to see why. Landlords have few options when it comes to clearing
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Properties, like people, age. Whether they age well is up to you and your tenant. A little wear and tear is normal for any occupied unit. A cracked tile, some peeling paint – these are all to be expected when someone lives in a home. But when does reasonable wear and tear cross the line
Tenant Damage or Wear & Tear? Toronto Landlords Need to Know the Difference Read More »
Even the best tenants don’t stick around forever. Especially in Toronto’s turbulent rental market where demand and supply are both on the increase. For landlords, getting notice from tenants can leave them blindsided and scrambling to fill an empty unit. Transitioning between renters isn’t just a case of ‘out with the old, in with the
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With rents soaring in Toronto and housing in short supply, the city’s rental market is in a state of flux. One of the most surprising trends of the summer has been a sharp spike in N12 evictions. Also known as ‘personal use’ evictions, N12s are when landlords ask their tenants to vacate their units because
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It’s time to put your property on the market, sell up, and move on. There’s just one catch – the people living there. If you have tenants, selling your property becomes a lot more complicated. Your first decision is whether you’re going to sell the property empty or tenanted. These come with different legal responsibilities
What Rights do Your Tenants Have if You Want to Sell Your Property? Read More »
When Co-Owners Become Co-Landlords With home prices rising out of reach for many Canadians, eager buyers are exploring other options. Co-ownership has become a growing trend, according to a survey from realtors Royal LePage, and most of those who buy property with family or friends are doing so because they can’t afford to go
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It’s a landlord’s market in Toronto where demand for housing continues to soar and rents are at an all-time high. Against this backdrop, you might be tempted to skip any renovations or upgrades to your unit – tenants, after all, are desperate and willing to pay more for less. But savvy landlords know that keeping
Cost-Effective Ways to Maximize Your Rental Read More »
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