What information does Renting Toronto obtain get when they do a background check?
Our company utilizes a third party service known as Rent Check, which is considered the rental housing industry’s credit bureau. With this service, we obtain a tenant report, which details whether a potential tenant has been involved in Landlord Tenant Court previously, a criminal report, a full credit bureau report and we run a North America-wide tenant database search on each applicant. Previous landlords are also contacted for a reference check on the tenant and we request renters provide appropriate proof of employment or stable income.
What is the standard lease length?
All our tenants sign a minimum one-year lease agreement. The option is always available for the tenant to sign a longer lease, if the landlord agrees to the terms. All our leases have been written by a real estate professional and are in accordance with the Ontario Residential Tenancies Act.
Are there any rules I need to follow when increasing the rent?
Yes. Each year the Ontario government announces the province’s rent increase guideline for the following year, which is determined by the Consumer Price Index (CPI). The rent increase guideline is the maximum amount by which a landlord can increase the rent for a current tenant without approval from the Landlord and Tenant Board.
When can rents be increased?
You can increase the rent if at least 12 months have passed since the date of the last rent increase or since the date the tenant moved into the rental unit. You must give the tenant written notice of the increase, which can be done using the Notice of Rent Increase form (N1 Form), at least 90 days before the date of the rent increase. The landlord signs the document and sends it to the tenant, where the tenant will then provide new cheques with the new amount for the set starting date.
How should I give my tenant an N1 Form to notify them of a rent increase?
- You can hand it directly to the tenant or an adult in the rental unit;
- Leave it in the tenant’s mailbox or where their mail is delivered;
- Place it under the door of the rental unit or through a mail slot in the door;
- Send it by fax to a fax machine where the tenant carries on business or to a fax machine in their home;
- Send it by courier;
- Send it by mail
If you haven’t handed the form to the tenant directly, follow up to ensure that they are aware of the upcoming change.
How and when can I access my rental property for maintenance?
A landlord may enter the property to inspect for maintenance problems or make repairs. The tenant must be given written notice of the visit at least 24 hours before the landlord plans to enter.
The written notice must include:
- The reason why the landlord wishes to enter;
- The date the landlord will enter, and
- A time of entry between 8 a.m. and 8 p.m.