17 December 2011 ~ 0 Comments

Why Renters in Toronto Should Screen Potential Landlords

When landlords of Toronto rental properties screen tenants, they have access to bank accounts, credit ratings, employment details, rental history, etc.  This gives landlords an information advantage over their tenants.  Meanwhile, very few tenants insist on researching the background of a potential landlord.  In fact, many hesitate to even ask questions.  Since property owners are rarely obligated to reveal crucial information, the potential for a tenant being cheated is considerable.

        

So, if you are a tenant, learn to protect yourself before you sign away a year of your life and a sizeable chunk of your income for a Toronto rental:

1. Ask questions:

Be friendly and thorough – good questions show that you are savvy and responsible.  If it’s obvious that you can look after yourself, then it is a sign that you will look after the property.  And this will appeal to honest landlords of rentals in Toronto.

2. Check property records:

Always confirm that the person you are paying rent to is the one who owns the property for rent in Toronto.  And make sure that the property is not in danger of being foreclosed.  Due diligence on your part will not threaten a reputable landlord.

3. Ask about previous tenants:

How long did they live there, and where did they go?  If the landlord has a record of tenants who leave after only one year, you need to know why.

4. Inquire about other properties:

If the landlord owns additional properties, are they in good shape?  If not, he might be having money problems and cannot afford to make repairs.

5. Talk to the neighbours:

Ask what they think of the landlord and whether he treats tenants fairly.  People love to gossip, and if there is something especially good or bad about the landlord, you will soon know.

 

 

MORE INFORMATION

GENERAL

http://www.toronto.ca/

ONTARIO TENANTS’ RIGHTS

http://www.ontariotenants.ca/index.phtml

LANDLORD AND TENANT BOARD

http://www.ltb.gov.on.ca/en/STEL02_111281.html

LEGAL

http://www.canlii.org/en/on/onltb/

http://www.cleo.on.ca/english/pub/onpub/PDF/landlordTenant/tenantsaccess.pdf

http://canadianimmigrant.ca/settling-in-canada/know-your-rental-rights/

Image By:  sa_ku_ra

 

 

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