Friday, January 1, 2010

Attention Landlords & Tenants!

If you’re a renter, considering a rental or have a unit available for rent in Ontario*, this post is for you!

Many people don’t know that in Ontario, there are guidelines that every landlord and tenant must follow when entered into a lease agreement. These guidelines are set out in the Residential Tenancies Act (RTA), which gives residential landlords and tenants specific rights and responsibilities. The Landlord and Tenant Board (LTB) was created by the RTA, and as one of Ontario’s “quasi-judicial” agencies, functions almost like a court of law. The general role of the Board is to resolve disputes between landlords and tenants, regulate rent increases and educate landlords and tenants about their rights and responsibilities under the RTA.

Some of these rights and responsibilities may come as a surprise to many landlords or renters. The LTB has a comprehensive website that provides important information for all landlords and tenants, but we’ve highlighted some of the most popular topics covered after the jump.

And if you’re looking for a rental unit or have a unit available for lease, please visit our website to view available rentals or post your rental…free!

Some popular topics covered by the RTA and LTB:
  • Assignments and sublets
  • Damages in rental unit
  • Illegal rent or charges
  • Improper maintenance or repair
  • Landlord entering the unit
  • Lock changes
  • Rent deposits and interest
  • Rent increases
  • Termination of lease
  • Unpaid or late rent
*Other provinces/states may have their own rules and governing bodies.