A tenancy agreement is a useful tool -- if it contains the right provisions. Generic or standard leases tend to leave out the details, leaving tenants in the dark. These provisions can strengthen the lease, light the way for tenants, and make life easier for...
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Rental Property Management Tips
Toronto Multifamily Landlords Ordered to Supply Hand Sanitizer
Multifamily landlords in Toronto must supply hand sanitizer or hand-washing stations at entrances and in common spaces after City Council voted on a temporary by-law intended to increase compliance with Toronto Public Health guidance during the pandemic. Concerns over...
Dos and Don’ts of Rental Advertising
With summer rental season in full swing, landlords are gearing up to find new tenants. A lot is riding on the rental ad. Not only do landlords need to attract good tenants, they need to avoid mistakes that increase liabilities and cause property management headaches...
Rents Dropping? These Tenants May Be to Blame
Across the country, rents are dropping, according to virtually all major analytic firms. How much depends on the locale, and how spooked landlords are about filling the next vacancy. Given the economic fallout from the pandemic, that is not a surprise. Nor is it a...
6 Things Landlords Need to Know About Early Termination Fees
Lease termination fees are a gray area in property management. Not all fees are legal, even if the tenant agreed to it in the lease. States handle this issue differently, so there's no universally correct policy. And the reason the tenant is leaving can impact the...
Landlords Ordered to Educate Tenants on Social Distancing Guidelines
Threatened with the loss of rental licenses, some Boulder, Colorado landlords have been compelled to educate their tenants on social distancing guidelines. The city, home to the University of Colorado -- and infamous parties -- says pressuring landlords may be the...
5 Strategies for Attracting Great Tenants
When it comes to finding the best tenants, it's all about probability. If 100% of the applicants responding are good prospects, then the tenancy will be a success. If 100% are bad, that will guarantee failure. The less you are exposed to bad applicants, the less...
What You Don’t Want to Know About Your Tenants
A landlord recently took a novel approach to filling a vacancy. Rather than use a rental application, this landlord decided to leave it to tenants to write two or three paragraphs "describing" themselves. That's a risky strategy. This tactic not only makes it more...
British Columbia Extends Rental Supplement, Eviction Moratorium
British Columbia is extending its temporary rental supplement payments, or TRS, until the end of August. The moratorium on evictions for nonpayment of rent will continue, as will the restriction on rent increases. The rental supplement is $500 per month for households...
Student Renters, Landlords in Limbo
With the announcement that many universities across the country are planning to hold classes online for fall semester, students and landlords alike are left to sort out what that means for the student housing market. To complicate matters, some schools are planning to...