If you are renting residential real estate, you will inevitably be taken to the Office of Residential Tenancies or take a tenant to the ORT. My advice to fellow investors is to be prepared for that day.
I have a strong understanding of the Tenancies Act applicable to where I invest, and as such follow it to the tee. It is essential that as an investor, you know the rules of the game and follow those rules.....
As I know the rules, I had a positive outcome when opening my email tonight from ORT.
'For the above reasons, it is ordered that the security deposit of X shall be paid to the Landlord....', the landlord being my rental company. 'I find that the Landlord has proven his claim against the security deposit..', 'The landlord has met his obligation under Section 8 of the Act.'
Simply put, understand and continually review your Act. It is worth your time in gold, literally, as my experience shows......
Not all ORT experiences have to be negative. Just play the game by the rules. Happy investing.
I have a strong understanding of the Tenancies Act applicable to where I invest, and as such follow it to the tee. It is essential that as an investor, you know the rules of the game and follow those rules.....
As I know the rules, I had a positive outcome when opening my email tonight from ORT.
'For the above reasons, it is ordered that the security deposit of X shall be paid to the Landlord....', the landlord being my rental company. 'I find that the Landlord has proven his claim against the security deposit..', 'The landlord has met his obligation under Section 8 of the Act.'
Simply put, understand and continually review your Act. It is worth your time in gold, literally, as my experience shows......
Not all ORT experiences have to be negative. Just play the game by the rules. Happy investing.