Ontario Tenancies Course Materials

Residential Tenancies Act Course 
Continuing Education Course for Realtors (2 hr / CEU)


For more information on any of the topic discussed please contact me by phone or email.

Comments

Post a Comment

Popular posts from this blog

Ontario Standard Form Lease

Effective April 30th, 2018 landlords of most Ontario rental properties will have to use the Ontario Standard Form Lease, developed by the Government to assist landlords and tenants to be more aware of their rights. While the lease and appended notes are full of information for tenants on their rights and how to go about enforcing them, the rights afforded landlords are conspicuously absent from the materials. One of the key features of the lease that can be employed by landlords for example is rental discounting: While Ontario law has always prohibited landlords from charging late fees on rent, a "prompt payment" discount of up to 2% of monthly rent is allowable.  Take for example a lease with a monthly rental of $ 2,000: While you cannot charge $2,000 per month with a $ 40 late fee you are allowed to charge $2,040 with a $ 40 discount in each month the rent is paid on time. This accomplishes the same result in that it provides an incentive to pay on time and som...
Read more

Do Ontario Rent Laws Promote Evictions ?

Many suggest that the economy is at fault for Ontario`s ever increasing burden landlord and tenant disputes and tenants not paying rent. Working in some very difficult economies however shows a different side. Perhaps the problem lies elsewhere ? In Tampa, Florida the economy is far worse than Ontario. Even so dealing with tenants and rent payments is far easier. The difference lies in the policy: In Florida late fees are allowed. Tenants pay their rent on time to avoid the additional charge. In Ontario late fees are illegal. Post dated cheques are likewise illegal as are pre-authorized payments. Florida requires only a 3 day notice demanding the rent before the landlord can apply for eviction. The time necessary to process an eviction in the Courts is less than a month. It is therefore a last resort employed only when absolutely necessary. In Ontario the only lawful way to collect overdue rent is through a government process that takes months. Landlord have to rush to start the...
Read more

Unlimited Rent Increases for Ontario Exempt Rentals

Under Ontario law, the limit on annual rent increases (3.1% for 2011) does not apply to most newer condo buildings (or buildings built after 1991). For the exact wording of the exemption see sec 6.2 of the Residential Tenancies Act. In exempt units landlords can increase the rent to whatever the market will bear after 12 months have elapsed since the last increase (or move in). The landlord even increase the rent beyond market to facilitate obtaining possession for sale or otherwise. The other restrictions on Ontario rent increases still apply and special forms need to be used. It is particularly important to adhere to these rules as the tenant is more likely to challenge an above guideline increase. If you would like more information on the exemption or how to take optimumum advantage of Ontario's rent regulations in your real estate investments please contact me.
Read more