You asked your attorney to review your tenancy agreement before you provided it to your tenants. But your attorney isn't there to supervise the signing of the agreement. No matter how strong the language of the lease may be, simple mistakes in executing it can cause...
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Rental Property Management Tips
British Columbia Toughens Restrictions on Short-Term Rentals
British Columbia has passed legislation that allows strata corporations to increase fines on short-term rentals such as those secured through Airbnb. Currently, strata associations can adopt bylaws prohibiting or restricting short-term rentals and enforce a fine of up...
Quick Start Guide to Residential Lease Agreements
If you are a savvy landlord, you asked your attorney to review your lease agreement before you handed it off to your tenants. However, it seldom happens that the attorney is present when it comes time to sign that agreement. No matter how ironclad the language of the...
Landlords Challenge Occupancy Limits on Roommates
Landlords in Bowling Green, Ohio are suing the city over its limitation on renting to more than three unrelated tenants regardless of the size of the property. There are no such occupancy limits on families. Landlords claim the ordinance violates their constitutional...
City Bans Landlords From Using Rent-Bidding Websites
Seattle landlords are battling the city's new moratorium on using rental platforms that allow tenants to bid on rent. The move to ban the use of the websites is ironic given Seattle's reputation as the "new center" of the tech boom. Local lawmakers specifically...
Property Management Tips: How to Protect Your Vacant Rental
A scammer recently victimized several people by stealing the "self-show" lock codes on at least two vacant rental properties, advertising them on Craigslist for far below market rent, and then enticing the eager rental applicants into wiring him money. Now, the...
The Best (and Worst) Ways to Find New Tenants
In a tight rental market, landlords might not be thinking about how best to fill vacancies. After all, there are applicants standing in line. But that's the problem: too many applicants makes it more difficult to weed out the unqualified ones, and a tight market means...
Landlords Prepare for Recreational Marijuana Legalization
It's official: recreational marijuana is coming to Canada October 17th. What that means for landlords remains unclear. The federal government has given the provincial governments the task of deciding how recreational marijuana will be regulated within the federal...
Ontario Announces 2019 Rent Increase Guideline
The Ontario rent increase guideline for 2019 is 1.8%. The figure represents the maximum a landlord can increase rent throughout 2019 without applying to the Landlord and Tenant Board for an above-guideline increase. The 1.8% figure is the same as the 2018 guideline,...
6 Ways to Save Money on Rental Repairs
Repairs are an inevitable expense for every rental property owner. But that doesn't mean landlords can't enlist some strategies to keep those costs to a minimum: Understand Your Property's Personality Every property should have a routine maintenance schedule....