As we entered a second lock down in Toronto this year, many landlords have been asking what their rights are with non-paying tenants and the eviction process. While the situation may soon change again, this is a fluid process, and the rules seem like they are being made up as we go along. For the…
Rental Increases to be put on hold for 2021
New Legislature wants landlords to consider alternatives to evictions.
Hosts will have to register with the city.
A friend of mine posted the following letter on Facebook last week. Please give it a quick read:
Stricter rules are coming for short-term rental provider. The City of Toronto just passed a resolution by the local planning and appeal tribunal that will see stricter rules and tighter controls on people renting out their properties on AirBnB.
There is no foolproof method for finding tenants that will ensure your success. In my experience with many landlords, there are a few things that you can do to maximize your chances of making the right decision when it comes to picking new tenants:
The Ontario government recently announced that the allowable increase that landlords can charge their tenants this year is 1.8% of the base rent. Some years have seen larger increases, and some smaller, but this figure seems to be right in line with increases that we have seen over the past few years. Rental increases are…
When your tenants vacate your rental suite that is the ideal time to make changes and improvements so that you could potentially charge more rent to the new tenants. You are allowed to charge whatever the market will bear so you should do everything possible to maximize this income. These maintenance and renovation tips will…
Snow Removal at Tenanted Properties: Whose responsibility is it to shovel the snow: landlord or tenant?
In an effort to deal with the alarming rental shortage, effective immediately Ontario Premier Doug Ford and the PC government has taken away rent controls on all new rental stock.
New Rules have not yet come into effect for short-term rentals in Toronto due to an impending appeal.