At the time of screening make it clear that providing of keys to unit is conditional on proof of insurance. This is simply part of requiring first and last or damage deposit, proof utilities are in tenants name etc. Annual proof is required as tenants may simply cancel or allow insurance to...

Landlords do not have to allow tenants to do work and further more should never allow tenants to do work. Tenants doing work will always be disappointing. They rarely have the skills to do work properly as they have never owned a home and therefor have no skills. In addition there motivation is...

Certainly When a tenant does not pay on the first of the month a landlord will usually file a N4 which in essence allows the tenant to postpone paying rent for 14 days If the tenant pays all is well. If the tenant does not pay the landlord may then apply to the board on the 15 day for the...

The Ontario RTA started out in the early 90s called the Tenant Protection Act. The government changed the name in the mid 90s to the Residential Tenancy Act to appear more equitable. None of the contents was changed. Governments, heavily lobbied by the welfare and poverty pimps, have only one...

Good luck. I have learned from experience that the entire RTA needs to be revamped not simply one section. If you were to take on the challenge of having the entire act restructured to be more equatable I would definitely be on board.

In addition to changing companies I would strongly recommend that you include in your future leases that tenants are required to have and show proof of contents insurance. This is one item that if included in a lease can actually be enforced. It has been challenged in divisional court and won by...

My advice would be to stay away from SFHs. They do not cash flow and are more financially demanding when vacancies or evictions occurs. My preference would be to purchase a multi of 3-4 units to insure cash flow during tough times.

It's your property, your decision. But you will be in negative cash flow and frankly holding out to possibly break even is probably not in the cards. Obviously you are not yet prepared to give up the $40,000 value drop or the mortgage money, taxes, condo fees, insurance you have now been...

I would tend to agree with Rickson9 in this case. The $40,000 has already been lost and unfortunately the chances of regaining a significant portion of that in a realistic period of time is not likely to happen. The best you can hope for is having a tenant pay down the principal over time to...

You will likely have to cut the lock, if there is one, remove the bike, take pictures, move the container and bike separate. Basically do what ever you have to in order to insure the property is not damaged. He may throw a fit but the reality is you are simply moving it to insure no one damage...

Even better, I would guess all together they should be enough to cover the rent owing. If you have contact with him first move his belongings then let him know what he needs to pay to get them back. Make sure you have a copy of the RTA available in the event he calls the police. In particular...

No. Once a tenant has vacated a property the LTB will no longer address any issues a landlord may have. Your only recourse would be small claims court but since you hold his property you have leverage. Unfortunately tenants have the right to go after landlords for compensation up to 1 year...

Generally it is considered official by most landlords under normal circumstances. It is not official to the LTB but you can rely on the written notice to go forward. You are assuming the risk that the ex tenant may fight you when you refuse to return his property until he pays. If you suspect...

http://www.e-laws.gov.on.ca/html/statutes/english/elaws_statutes_06r17_e.htm Part V Section 39 - 42. If the tenancy has not been officially terminated you must do so first by applying to the board. If the tenant wants his property back you can insist on him paying all monies owed first...

Above guide line rent increases are based on capitol expenses (renovation costs). The Board will allow a landlord a maximum above guide line increase of 9% (regardless of total capitol expense) but this is restricted to a maximum of only 3% above annual guideline in any given year. In reality...

When making investment decisions you must first consider present costs and value. Your $50,000 lot is costing $300 plus the lost income from that $50,000 if invested (possibly $1800/yr). What is the expected appreciation of the lot exactly as it now sits if ultimately you decided not to...

I would sell the vacant land. At this time in your life it is a liability attached to a pipe dream. If you want to get ahead spending money to maintain vacant land is counter productive. If some day you have the money to build then buy the land to do so at that time. The cost will be the same...

I would do the notices the other way around. If they move, following issuing the N13, without indicating (in writing) that they want to move back you are good to go. If they want to move back after reno you cancel the N13. In that case you then issuing a rent increase notice beginning the...

Is there any possibility of issuing a N12. Do you have a son, daughter, mother, father that would be willing to move in for a year. If not I would issue a N13 and wait see if the tenant REQUESTS to move back into the unit when renovations are completed. It is the tenants responsibility to...

In regards to the length of time taken to repair the boiler make sure the contractor provides you with written documentation justifying the delay in repairs. Are the tenants able to adequately heat their apartments with the equipment you have provided ? Assuming you have proof of the...