Long-term tenants now are a reality for many landlords in Canada. And that's a good thing -- for the most part. However, there are some downsides when tenants stay year after year. Tenants can gain a sense of entitlement -- "I'm paying your mortgage, so the least you...
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Rental Forms
How to Use Your Tenancy Agreement to Prevent Noise Complaints
Excessive noise is a common tenant complaint and resolving noise complaints eats up a lot of a landlord's time and energy. Fortunately, it is possible to prevent many of these complaints by addressing the problem in the tenancy agreement: It's important for tenants to...
When Was the Last Time You Updated Your Rental Application?
A solid rental application allows a landlord to quickly identify qualified tenants, obtain the consent needed to run a tenant background check, lead a debt collector to a tenant who defaults, and flag and prosecute tenant fraud. Is your application up to the task? A...
What Smart Landlords Know About Lease Agreements
Have an ironclad lease? A lease agreement can be tricky. If it's too generic, it won't protect the landlord. If it's too one-sided, it may not be enforceable. And if it's too confusing, tenants won't understand what is expected of them. Whether you're a first-time...
Top 5 Mistakes Landlords Make with Tenancy Agreements
Unfortunately, there is no one universally applicable tenancy agreement form that works for every landlord and every property. Individualized tenancy agreements that reflect the landlord's preferences as well as local tenancy laws are the best way for a landlord to...
How to Avoid Last-Minute Lease Mistakes
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...
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...
Tenancy Agreements: 4 Common Misconceptions That Hurt Landlords
Tenancy agreements can be complicated. Toss in local tenancy laws and individual landlord policies, and things can get downright confusing. Unfortunately, misconceptions about the lease may lead to a false sense of security and, ultimately, to income loss. Don't be...
Landlords: 3 Things Your Lease Can’t Do
A lease agreement is a powerful tool, but when it comes to managing rental properties, the lease can't do it all: The lease can't prevent tenants from paying late -- at least not alone. Standard lease agreements provide a due date, along with a grace period -- usually...
Lease Dispute Proves Costly for Landlord
A Michigan-based landlord of a 215-unit property in Colorado has been forced to settle a lawsuit brought by tenants over improper fees. The dispute erupted after the property manager notified tenants of the mobile home park that a water fee was going to be added to...