Only a tenant has the option to voluntarily terminate a tenancy. A landlord can only terminate a tenancy through eviction. You have two options. You can ask her to leave voluntarily and possibly throw in a cash bribe to encourage her to leave or you issue her an N5 eviction notice for...

Defiantly find new tenants but do not allow your present tenants to simply walk away scott free. Send them a letter indicating they will be responsible for the lease until you find a replacement tenant. Make sure they understand you will take them to small claims court and if necessary have...

Thomas a considerable amount of your numbers are based on "speculation" something that I as an "investor" do not include on my calculations. I do however include all costs and necessary returns (equity in home) as I have posted. Income investment properties in my calculations have two income...

The key at this point is to continue to work hard and save as much money as you can. How much you save will depend on how badly you want to succeed. Everyone wastes money, on themselves and on their dependants. Canadians generally live a overindulgent lifestyle that they generally explain away...

Could you provide any more information/direction/sources of the potential differences between a fixed lease and a month to month lease in this sense? Would you care to elaborate on how you answered the above question with: For your mother's situation it might be better to do a written...

For your mother's situation it might be better to do a written short term contract only and go from there Not even close to an answer to your question. You can keep pushing but you won't get one. Unfortunately he often makes statements he can not back up with facts. I don't believe he...

And how would you suggest she do that? Take possession I mean if she no longer wants to rent out her basement and the tenant has no desire to leave. Make the assumption the tenant has paid their rent on time and caused no major problems to justify an eviction. Basically an average tenant. The...

Wrong Adam. You have listed 7 reasons found in the RTA which are justifiable reasons for evicting. None of which apply to this situation. I stated a landlord could not simply decide she did not want to be a landlord any longer and terminate a lease. She could only evict for reasons within the...

I will do my best to answer. Fifty years old, poverty income, lousy credit and offering up a guarantor. Next applicant please. First based on her income she is very high risk, her credit score indicates she does not fulfill her financial responsibilities and it would bet dollars to donuts...

Never make business decisions out of fear that a tenant may act negatively. If that is your intent you might as well just hand them the keys and have them let you know when they are done with the place. If they do as you suggest your only option is to find proof of their criminal actions and...

My vote is for variable. I am a believer in variable always being lower (on average) and as such I have no problem sleeping at night therefore no need to go with a higher fixed rate.

http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_06r17_e.htm http://www.ltb.gov.on.ca/en/index.htm http://canlii.org/en/on/onltb/ LLoyd if it is your intention to invest in Ontario the three links above are a must as part of your initial education. These will provide...

As already pointed out it depends a lot on her goals. With a mortgage of only $40,000 she must have considerable equity in her home. I would suggest she sell the home and either move down to something less expensive or to a rental property. Either would allow her the extra cash to pay off her...

You should take all your questions directly to the city and then use the information they provide you as leverage in the purchase. Assuming of course what they tell you does not kill the deal.

I envy the control you have over your properties. The fact is that in locations where governments favor the landlords over the tenants the tenant demographic is generally far more appreciative of what they have. Tenants have greater respect for property owners where they know the owner has the...

Your first impression of the tenants and their agency one would hope would be very good otherwise they would never convince anyone to rent to them. For this reason alone you should negate your first impression and make your decision based strictly from a business perspective. Obviously you are...

Adam I did take Bruce`s post to heart and found it highly prejudicial and quite offensive however I believe I maintained a professional posture in responding. In regards to your post to begin lets make sure we understand I post my comments based on my personal experiences, although possibly...

Ok Bruce you have some interesting points although highly prejudicial. I should point out some inconsistencies in your assumptions. First as you don't know me and could have no idea what my property is unless you live there you have no bases for your comments. To begin maybe you might want to...