Your Trusted Guide to Renting and Managing Rental Properties in Real Estate Canada
Posted On May 12, 2023
Renting accommodation is a great way to live in a desirable location without the responsibility of owning a home. Renting a house in Canada offers flexibility and convenience, especially if you are still exploring your options and deciding whether to commit to purchasing a home. When searching for rental properties, it’s essential to understand the process and what landlords typically expect from tenants in Real Estate Canada.
This blog provides a checklist for tenants to follow when renting a property in Canada and tips for landlords to create a positive rental experience.
A Look at the Rental Process
The rental process starts with looking for listings in your preferred city, such as condo listings on MLS for rent, Toronto, or 2-bedroom apartments for rent in Mississauga.
You then start contacting the landlords or property managers, submitting applications, and signing lease agreements. To secure a rental property, you must provide documentation proving your ability to pay and maintain the property.
Landlords typically require proof of income, bank statements, and references from previous landlords to ensure that renters can afford the rent and are responsible tenants. Additionally, most rental properties require a security deposit of at least half a month’s rent. Once you find a suitable property, the landlord will give you an application to complete. If all requirements are met, you’ll sign a leasing agreement, provide a deposit, and pay the first month’s rent. That’s it; you can move into your new home on the agreed-upon date.
The Top 10 Checklist for Tenants
Know your rights: Familiarize yourself with the Residential Tenancies Act in your province or territory, as it sets out the guidelines for your rights and obligations as a tenant.
Read your lease agreement: Make sure you understand your lease agreement’s terms and conditions before signing it. Ask questions if there’s anything you need clarification on.
Pay your rent on time: Your rent is due on the specified date in your agreement. Late payments can result in late fees or even eviction.
Keep your unit clean and well-maintained: You’re responsible for keeping your team in good condition, including regular cleaning and reporting any repairs needed to your landlord.
Report any repairs needed: If something in your unit needs repair, report it to your landlord in writing as soon as possible.
Respect your neighbours: Be respectful of your neighbours and avoid excessive noise or disruptive behaviour that may disturb them.
Follow the rules: Follow any regulations your landlord or building management set out, such as rules regarding pets or smoking.
Give proper notice before moving out: If you plan to move out, give your landlord reasonable notice as outlined in your lease agreement.
Leave the unit in good condition: When moving out, make sure you leave the unit clean and in good condition.
Get renters insurance: Protect your belongings in case of theft, fire or other unexpected events.
Remember, being a good tenant is essential not only for your landlord but for yourself as well. Follow these tips to help ensure a positive rental experience.
Are You a Landlord in Canada?
A landlord has many responsibilities, and knowing your legal obligations and best practices is essential. Whether you’re a new landlord or have multiple rental investments, you must provide safe accommodation for your tenants while safeguarding your investment properties.
As a landlord in Canada, it’s important to be knowledgeable about the Residential Tenancies Act in your province or territory and to follow all legal obligations when renting out your rental properties. Remember these tips to provide your tenants a fair rental experience and protect your rights as a landlord.
Essential Tips for Canadian Landlords
When screening potential tenants, conduct an appropriate screening process that includes background and credit checks. However, there should be no discrimination based on race, gender, sexual orientation, religion, or family status.
Providing a safe and habitable rental unit with working smoke detectors, carbon monoxide detectors, and properly functioning plumbing and heating systems is necessary. Being responsive to maintenance requests and carrying out necessary repairs promptly is essential to maintaining a positive relationship with your tenants.
Always provide adequate notice before entering their unit to respect your tenants’ privacy. If eviction becomes necessary, it’s important to provide sufficient notice as outlined in the Residential Tenancies Act before evicting a tenant and to follow the appropriate legal process.
Keeping accurate records of all rent payments, maintenance requests, and other essential communications with tenants is vital for legal and financial reasons. Regarding rent increases, it’s necessary to follow the Residential Tenancies Act guidelines and be reasonable and fair.
Professional management or hiring a property manager to handle day-to-day operations effectively may provide a better rental experience for your tenants while reducing your hassle.
Effective communication is vital to maintaining a positive relationship with your tenants. Any issues or changes affecting their tenancy should be shared clearly and concisely, preferably in written form.
Protection by Law
In Canada, landlords and tenants are protected by the Residential Tenancies Act in each province and territory. This act lays out the rights and responsibilities of tenants and landlords and provides guidelines for eviction, rent increases, and maintenance of rental properties.
Under these laws, landlords must maintain safe and habitable rental units, and tenants have the right to a living space free from harassment or discrimination. Renters are also protected from unreasonable rent increases and eviction without cause.
In a dispute between a tenant and a landlord, the Residential Tenancies Act provides a process for resolving the issue through a formal hearing process. Overall, these laws aim to ensure that renters in Canada are treated fairly and have access to safe, affordable housing.
The Top Five FAQs for Tenants and Landlords in Canada
How much notice period must a landlord give before increasing the rent?
The notice period before a landlord increases the rent varies by province and territory but typically ranges from 30 to 90 days. In some cases, landlords may need to apply to a government agency for approval before increasing rent.
Can a landlord enter my rental unit without my permission?
Landlords must provide reasonable notice before entering a rental unit, except in cases of emergency. The required notice varies by province and territory but is typically between 24 and 48 hours. Landlords can only enter a rental unit for specific reasons, such as to carry out repairs or show the unit to prospective tenants.
Can a landlord evict a tenant without cause?
Generally, landlords cannot terminate a tenancy without a justifiable and legitimate cause, such as non-payment of rent or breaching the lease agreement. The process for eviction varies by province and territory and must follow the guidelines in the Residential Tenancies Act.
Who is responsible for paying for repairs in a rental unit?
The landlord is responsible for ensuring that the rental unit is habitable and safe, including conducting necessary repairs. On the other hand, tenants are accountable for reporting maintenance concerns to the landlord in a timely fashion and taking reasonable care of the unit.
Can a landlord terminate a tenancy due to a pet?
Generally, a landlord cannot evict a tenant for having a pet, but they may include a “no pets” clause in the lease agreement. Some provinces and territories have legislation protecting the rights of tenants with pets, such as allowing them to keep emotional support animals or requiring landlords to allow pets with certain restrictions.
Renting a property in Canada can provide a flexible and convenient lifestyle. However, tenants and landlords must understand their rights and responsibilities to ensure a positive rental experience.
For tenants, following a checklist that includes knowing their rights, expecting a habitable unit, responsive maintenance, and effective communication with their landlord can help create a successful tenancy. On the other hand, landlords can provide a positive rental experience by being fair in their screening process, ensuring a safe and habitable unit, and maintaining effective communication with tenants.
By understanding these tips and guidelines, tenants and landlords can create a successful and enjoyable rental experience in the Real Estate Canada market.
Stay in Touch!
This article is the third in a series that aims to address common inquiries about Canadian real estate. For your convenience, we have provided links to the first two articles, which you can access here.
We hope this ongoing series of informative articles will assist you in navigating the Canadian real estate market.
Our expert team can offer guidance and advice if you need additional information. Additionally, please refer to this page for more informative articles and helpful tips on navigating the Canadian real estate market.