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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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
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There are two words a landlord never wants to hear together: ‘rent’ and ‘strike’. Unfortunately they’ve been making the news a lot recently as Toronto finds itself in the midst of a flurry of tenant protests, sparked by Above Guideline Rent Increases. Rent strikes occur when a group of tenants coordinates to stop paying rent.
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Imagine browsing AirBnb and coming across your own apartment. This was the shocking reality for one Toronto landlord who discovered that her condo unit was being sublet without her knowledge on the popular booking site. The landlord reached out to her tenant who initially claimed she had no idea but later told CBC Toronto that
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Last month, the Ontario government announced several sweeping proposed changes to “make life easier, stabler, and more predictable for tenants and landlords alike”. More funding for the beleaguered Landlord and Tenant Board (LTB), more protections for tenants, and more fines for penalties – the changes are heavily weighted in favor of protecting tenant rights as
Ontario is Looking to Strengthen Tenant Rights – What Toronto Landlords Need to Know Read More »
Getting Rent Out of Problem Tenants – Tips For Toronto Landlords A desperate Toronto landlord is took a new approach to problem tenants – putting pen to paper to write a note pleading for them to pay the rent they owed. The note, which was shared with a local news outlet, read: “You are
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Toronto Condo Owner Responsible for Tenant Damage Problem tenants aren’t just a nuisance, they’re a liability. One Toronto landlord found that out the hard way when a tribunal handed them a large fine for not reigning in their troubled tenant. The tenant in question had multiple complaints made against them from both neighbours and
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Forged employment histories, fake credit scores, unreliable references – there are plenty of ways professional tenants can take advantage of unsuspecting landlords to get their foot in the door. Once they’re in your property, these fraudsters can run amok, skipping rental payments, causing damage, or even subletting without permission. Sadly this type of fraud is
Forged Documents & Credit Scores Leading to Problems in Toronto Rental Market Read More »
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