Ontario Rental Help for Landlords and Property Managers
Basic Understanding
1. In Ontario, the law supports the Tenants. The law protects the tenants because
they are the poor ones and the landlord is the rich ones.
2. The most important thing to do is find an honest, ethical tenant. Do not be too
anxious to rent out to anyone in order th get the rent money fast. Often times will results
in finding a poor tenant and your home gets destroyed. You may believe you can sue
the Tenant, but if the tenant has no money, then there is nothing to sue.
3. Older mature tenants are better than younger ones. Rich tenants are better than
poor ones. Working professionals are better than low end job tenants. This is just
a generalization. Treat everyone with the same and give everyone chance. As long
as the renter is honest and ethical, you should be OK.
4. Be a good landlord. Fix what is broken and care about your tenants well being.
5. A Property Manager is a better name than a Landlord.
6. Make sure the person is employed and verify employment. People who don't work
CANNOT pay you.
7. Make sure your house is safe. If you tenant ever gets injured in your house,
you will be liable.
8. Always have a Rental Contract. It clears communication and makes sure your tenants
understand your expectations.
9. You do not have to be nice when meeting a renter for the first time. You ahve
to be firm, fair and observant. Being too nice may cause them to take advantage
of you once they move in.
10. Becareful of rental scams. Protect yourself by not giving anything until you
know and ahve done your research on the Renters.
11. If you do end up making money, give something back in return.
