December 14th, 2012
An Ontario Landlord Asks: “Should I Give My Great Tenants Christmas Presents To Say Thank You?”
It’s a landlord question that comes up every December.
The landlord has great tenants who pay on time and respect the rental property. They have never been late with rent and the rental unit looks better than ever…these tenants treat the property with care.
With so many bad tenants out there, the landlord feels grateful and wants to show his or her appreciation.
What better way than sending the tenants some nice gifts and presents for Christmas?
It’s come up again on the Ontario Landlord Forums this December, 2012.
Here’s the question from the new landlord:
Hello everyone, very excited to find this organization and to share my experiences and question and answers with others.
I have my first set of tenants. One group has been with us since August 1 and the basement tenants have been with us since October 1.
(1) Do other landlords also give gift cards to tenants for a Christmas gift?
(2) What type of gift cards are best? Milestones? Bestbuy? Others?
(3) If not gift cards, what do you give?
So What Is The Right Answer? Should You Give Christmas Gifts to Your Best Tenants?
The answer is more complicated than you might first think.
You are turning a purely business relationship into something more personal. So before wrapping up that gift, consider the following:
1. What if you eventually have to evict these tenants? If there are personal feelings involved things can easily turn very nasty.
2. We live in a multicultural society, especially Toronto and the GTA. What if your tenants don’t celebrate Christmas?
3. What if your tenants don’t realize your true intentions and view the gift as you ‘showing off your wealth’ or ‘looking down on them’?
4. Your tenants are already happy with the property and how you run your rental business, so why rock the boat?
5. What if one tenant feels slighted because they feel you gave a better gift to another? There have been examples of tenants having problems with other tenants.
These are just some of the things you need to think about.