Posts Tagged ‘Ontario landlord legal’

Ontario Landlord Forum – Get Expert Advice To Help You Succeed in 2019

Monday, December 24th, 2018

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The Forum That Changed The Industry Is Back Better Than Ever!  As Landlords Face Huge Challenges Experienced and Successful Landlords & Property Managers Are Here To Help You!

-Network With 1000s of Successful Ontario Landlords & Expert Property Managers

-Ask Questions On A Problem and Get Some Guidance From Pro Landlords

-Chat With Landlords Who Are Multi-Millionaires due to investing in Ontario rentals

-Chat With Real Landlords, Avoid Paying $1000’s to “landlord reps” Who Charge You With No Guarantees

It wasn’t that long ago the serious concerns of small landlords went unheard. There was no voice for small landlords. Nothing. No one cared about our concerns.

Before the Ontario Landlords Association government and media ignored us. In the view of the general public we were simply “invisible.”

No one even discussed the problems with the Ontario Residential Tenancies Act until the OLA started shouting loud and strong.

Not Long Ago Nobody Even Thought About Ontario Landlords

Sure there were rare media stories about the large, multi-million dollar corporate landlords. These are those large wealthy REITS full of international investors and selling stocks.

There were almost no stories about bad tenants or how the rules were unfair for small landlords.

Large Corporate Landlords Never Helped Small Landlords

They employ property managers and expensive lawyers to help them out when they have a tenant issue. And with large buildings having some bad tenants really never hurt the bottom line due to the economies of scale.

It Used To Be Open Season on Small Landlords Working Hard For Our Financial Futures

Not only where the concerns of small landlords ignored it was just about impossible to get any quality help when you had a tenant problem.  Even some so called “legal pros” were charging thousands of dollars for simple issues.

And when they didn’t deliver what they promised (and what you paid for) they would say tell you to get lost and even threaten to sue you.

There were all sorts of questions from landlords in trouble but no where to go for help. Sure you could pay hundreds or even thousands of dollars to some company out there who would fill out an LTB form for you (something you could do yourself for free).

They were happy to charge you lots of money, but never guaranteed you any success and threatened to sue you if you told the truth about their horrible service.

Due To Overwhelming Requests and Huge New Challenges We Face Ontario Landlord Forum Is Back for a Low One Time Registration Fee

The forum that has helped thousands of landlords succeed and deal with tenant problems is back…and all for a one-time fee. 

We also have added some amazing services that experienced and successful landlords have recommended so you are ready to face bad tenants out there (and make sure you find all the good tenants looking for good landlords with great rentals).

This is a forum with real landlords and even some tenants looking for advice. All our members are verified.

We Are On Your Side! And Want To Help You Succeed!

Join our huge Ontario landlord community to make sure your rental business succeeds and makes profits. We are real landlords who have seen just about every issue out there.

Become an Ontario Landlords Association Member And Get Access To The Forum That Changed Lives…And Can Help You Succeed As An Ontario Landlord!

What is the Ontario Residential Tenancies Act? (And Why You Need To Study It)

Tuesday, January 10th, 2012

January 10th, 2012

You decide to invest in residential rental properties in Ontario

With so much money at stake, you don’t take your investment lightly.   You’ve looked into a variety of potential investments and decided to invest in residential rental properties in Ontario.

Now it’s time to cover all the bases to make sure you start out right and have a plan for success.  You go through the categories, from finance to marketing.

Location, location, location

Being a careful and cautious investor, you spend months researching which area you want to buy in.  After all, you know the old real estate adage ‘location, location, location.’

Financing

You work with your mortgage broker or bank to find out out how much you can spend and to make sure you can pull the trigger once you find the ideal property.  You carefully work out all the numbers.  You are pre-approved and know what your budget is.

Buying the right property

You work with a reputable Realtor to find the ‘right’ property in your targeted area.  Now it’s on to carefully hiring contractors to make your rental property safe and attractive.

You feel you’ve done your due diligence and are on the right track

Carefull planning.  Research.  Hiring the right people and creating your team.  Patience.  A good business plan.  You are on your way.  Or so you think.

What do many Ontario landlords miss?

Many smart and professional Ontario landlords neglect one aspect of their business.  The law. Before entering any industry it’s important for you to learn the laws governing it.  Many landlords are not fully aware of the Ontario Residential Tenancies Act.

How difficult is it to simply rent out an apartment or my basement?

This isn’t Alberta.  This isn’t British Columbia.  This isn’t P.E.I. or Newfoundland.   The laws in Ontario are complicated. Very complicated.  Everything starts with the Ontario Residential Tenancies Act (RTA).  Tenants are very well-protected under the RTA.  This is especially so after the Ontario Liberal government’s amendment of the Act in in 2006.  When the amendments were proposed, there was a consultation process with various stake-holders.  Small scale landlords were not represented.

Don’t landlords have rights too?

Under the RTA, landlords have rights as well.  However, you have to see the thinking of the people who made the laws. Tenants are essentially viewed as ‘victims.’  After all, they cannot afford to buy their own homes, right?  Wait, you’re not buying it?  Here’s more.  Landlords are viewed as wealthy and powerful.  Landlords can afford to hire over-priced paralegals and lawyers.  Landlords can afford to wait 3-6 months to evict a non-paying tenant.  You get the picture. Remember, small scale landlords were not represented during consultations to change the RTA.

Wow!  Please tell me more about the Ontario Residential Tenancies Act.

The Residential Tenancies Act, 2006 covers most residential rental units in Ontario including mobile homes, care homes and rooming and boarding houses.

However, there are some situations where a rental unit may not be covered by the Act or certain parts of the Act.

For example, the Act does not apply if:

  • the tenant must share a kitchen or bathroom with the owner, or certain family members of the owner;
  • the unit is used on a seasonal or temporary basis.

Many of the rules about rent do not apply to:

  • new rental buildings;
  • non-profit and public housing;
  • university and college residences.

Note these units are still covered by most of the other rules in the Act, such as maintenance and the reasons for eviction.

Note the Act does not cover commercial tenancies.

Where can I learn more about the RTA?

You can read the RTA here.  Read it carefully.  Twice.  Daily.