As a landlord in Ontario and the rest of Canada, it is important to stay up-to-date with relevant rules that apply to you and the management of your rental properties. The Landlord Tenant Act in Ontario is not just there to protect the tenants but also to protect you from individuals that will like to abuse the privileges of being tenants in your property. By being aware of the rules and regulations, you should be able to manage your properties efficiently and avoid being at the wrong side of the law. Here, we will briefly discuss new rules you should know this year, 2018:
Landlords Must Use the Standard Lease Template for All New Leases
From individuals to property management companies, landlords of most private residential rental units have been mandated to use standard lease templates for all new leases. It took effect from April 30th, 2018.
Landlords Must Provide Standard Lease upon Request from Tenants Entitled To It
Landlords are expected to provide standard lease to tenants entitled to it. If such tenants do not get it and request for it in writing, the landlord must provide it within 21 calendar days. Failure to do that, the tenant can withhold one month’s rent; 30 calendar days afterwards, the tenant can keep the withheld rent.
Rent Raises Is Limited by Maximum Of 1.8% in 2018 Accept In Special Cases Approved By LTB
Normally, landlords can raise their rent only once in a year. In 2018, the rate of rent increase must not exceed 1.8%. There are certain circumstances whereby you can increase the rent above 1.8% but the Landlord and Tenant Board must approve it. You also need to notify tenants in writing 90 days before raising rent.
Written Notice for Eviction Must Be In the Proper Form Provided By the LTB
The Landlord Tenant Act in Ontario still permits you as a landlord to evict a tenant. There must be acceptable reasons for evicting the tenant and the written notice must be served in time and with the proper form provided by the Landlord and Tenant Board. You must also state the reason for eviction on the form. If your reason for wanting to evict the tenant is to take possession of the unit for your personal use or that of you family, you must offer the tenant another unit or give him/her an equivalent of one month’s rent.
The Landlord Tenant Act in Ontario is there to ensure that the relationship between landlords and tenants is not abused. The rules discussed above are important and relevant in Ontario and every landlord needs to be conversant with them.
In case you have questions and concerns about these rules, or you still need further explanations, feel free to contact us at Civil Litigations Paralegal Services. Our expert paralegals will be available to speak with you. We will provide suitable answers to your questions and concerns to the best of our knowledge. An amazing experience awaits you.Landlord Tenant Act Ontario