Tag Archives: evict tenant in ontario

Landlords requiring property for their personal use will be required to pay tenants to vacate

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Investing in Toronto real estate – tenants make it possible

The Toronto real estate market has been an “investors paradise” since 1996. What a run it has been! There are many people who have made a fortune. Even those who bought a home for sole purpose of living there have done well.

The importance of finding quality tenants

Successful real estate investors have had the problem of property management and the selection of quality residential tenants. If you are new to this, here are 10 principles for how to select residential tenants.

Buying and selling property with tenants

Many investors have bought property, found a tenant and then decided to sell. One of the most frequent questions is how to sell a property with tenants in it. Both the buyer and the seller are bound by the terms of an existing lease. There are many things to consider when buying or selling a property that has tenants living in it.

Getting vacant possession (AKA “evicting”) of property

There are many reasons why property owners wish to get “vacant possession” of their property. In some cases it is to sell. In some cases it is to move into the property themselves.

In general it is difficult to evict a tenant in Ontario. The Ontario “Residential Tenancies Act” gives them significant and substantial rights. The “Residential Tenancies Act” does contain a provision that allows a property owner to evict a tenant if the property is required for the owner’s personal use. Sounds good. But, as described in a recent article in the Toronto Star, there is a new provision of the Residential Tenancies Act that requires the landlord to pay the tenant one months rent of the landlord claims the property for his personal use. In other words, the landlord must pay the tenant in order to move into his own property.

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Procedure at the Ontario Landlord and Tenant Board @LandlordU

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I believe that the landlords should work hard to avoid Ontario’s Landlord and Tenant Board. Although not intended to be unfair to landlords, it does provide protection to Ontario tenants. The procedure is costly and dangerous. Although landlord lawyers at Landlordrelief will assist you with tenant eviction, we work hard to avoid this necessity.

In order to avoid the Ontario Landlord and Tenant Board, Ontario landlords should:

1. Be careful in how they select residential tenants.

2. Treat their residential tenants with respect and dignity.

3. Respect their properties so that the tenants will respect the properties.

4. Work WITH tenants to end difficult tenancies, rather than work AGAINST tenants in an adversarial proceeding.

Notwithstanding this advice, I came across three posts from Ontario Justice Education Network that helps people (both Ontario landlords and tenants) prepare themselves for a landlord and tenant hearing.

Here they are:

Why tenant selection is key for #TorontoRentals

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As you know, the selection of good tenants, is vital to your success as a landlord and real estate investor. Tenant turnover is the largest cost of being a landlord. Ontario’s rental market is highly regulated and Ontario tenant’s have many rights. If you select your tenants carefully you will avoid having to take steps to evict a tenant. But before actually commencing the eviction process, we strongly suggest this recipe for how to deal with a difficult tenant.

Since tenant selection is the key, we recommend our: “10 Principles: How to find and then select a tenant for your residential property“.

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