Human rights laws in Canada prohibit discrimination based on “protected grounds” such as race, religion, gender, disability, ethnicity, family status, and source of income. These laws apply during each step of the tenant screening process to ensure everyone has a fair chance of renting a property.
As a landlord, you must follow the human rights legislation in your province or territory when screening potential tenants. These rules dictate the types of questions you can ask, the information you can request, and the criteria you can use to evaluate candidates.
Build a fair and objective screening process to ensure compliance with human rights laws. Use a standardized rental application, apply consistent benchmarks, choose tenants based on objective criteria, and document your decision-making process.
A solid lease agreement is the foundation of every great landlord-tenant relationship. This legally binding contract clearly outlines the terms and conditions of the rental arrangement.
Because a lease agreement is legally enforceable, it’s crucial for a lawyer to review the document before either party signs it.
When a lawyer reviews a lease agreement, you get the added benefits of their legal expertise to help understand complex terms and avoid costly mistakes.
Lease renewals lower turnover costs and allow you to maintain a steady rental income. The first step to renewing a lease with your tenant is to determine your new terms and consider your tenant’s needs.
Always notify your tenant in advance of the lease renewal. Give them proper notice according to the laws in your region. If they have any concerns, respond promptly and be open to negotiating the terms before drafting and signing the new agreement.
To boost your chances of a successful lease renewal, charge a fair rent fee and consider revamping the property with some enticing upgrades or throwing in an incentive, such as a free month of rent.
Whether you are a landlord or a tenant, it is important to know the difference between fixed vs tenancy a periodic tenancy. Each type of tenancy comes with its own guidelines and benefits. All provinces and territories give the flexibility for landlords and tenants to discuss and determine which type of tenancy they prefer and which works best for them.
Being a landlord certainly has its benefits. Among the most obvious are the ability to earn a steady income through your investment property and the potential of making new friends through the people who rent your space. Owning and renting a property, however, does have its disadvantages. No matter how thorough your vetting process may be, you always run the risk of renting your property to nightmarish tenants