I am buying an investment property with tenants, do I have to assume the tenants? What are my options? Your Options Assume the tenants Ask for vacant possession on closing Assume the tenants, then try to negotiate with the tenant after closing (e.g. cash for key) Assume the Tenants If the rents are not too …
Can a landlord have a no-pet policy? Landlord can ask if tenants have pet before move-in. Landlord can reject tenants because of their pets. However, after the tenants move in, landlord cannot evict the tenants because of the pet. “No-pet” clause in rental agreement are void in Ontario. When can landlord evict a tenant because …
Did you know that tenant can withhold 1 month of rent if you do not provide an Ontario Standard Lease? On February 7, 2018, Ontario’s Ministry of Housing released the new Residential Tenancy Agreement (Standard Form of Lease). It’s also commonly known as the Ontario Standard Lease. This new lease is supposed to make it …
Why is it important to use an Ontario Standard Lease? Read More »
