landlord-protection
Landlord Protection Basics for Ontario Rental Property Owners
The essentials every Ontario landlord should know: tenant screening, the Residential Tenancies Act, and protecting your rental income.
Owning rental property in Ontario comes with real legal and financial exposure if you’re not set up correctly from day one. Here are the basics.
Screening tenants
A thorough screening process — credit check, employment verification, landlord references — is your first line of protection against costly vacancies and arrears.
Know the Residential Tenancies Act
Ontario’s Residential Tenancies Act governs nearly every part of the landlord-tenant relationship, from rent increases to eviction procedure. Understanding it before a dispute arises is far cheaper than learning it during one.
Protect your income
Rent guarantee and legal expense coverage exist specifically to protect landlords against non-payment and the cost of the Landlord and Tenant Board process. CRESI’s property management team can walk you through options.
Working with a property manager
A property manager handles screening, rent collection, maintenance coordination, and compliance — freeing you from day-to-day landlord duties while protecting your investment.