Ontario standard lease to be used starting April 30
Ontario Introduces New Easy-to-Understand Standard Lease
https://news.ontario.ca/mho/en/2018/02/ ... lease.html
Feb 7th, 2018 8:58 pm
Feb 7th, 2018 9:17 pm
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Feb 8th, 2018 6:57 am
Feb 8th, 2018 8:24 am
Feb 8th, 2018 8:50 am
Don't give them any ideas....FrancisBacon wrote: ↑ Many people, both landlords and tenants, have very different desires and circumstances. Since we're talking about consenting adults, they should be allowed to enter into contracts that they can taylor to their needs.
We wouldn't stand for the government mandating a "standard apartment", would we?
Feb 8th, 2018 8:54 am
They aren't but the less informed people are easily taken advantage of. On the surface, to me at least, this sounds like a good thing. That being said, I have zero skin the in the game so I could be horribly wrong.
Feb 8th, 2018 8:58 am
Call my cynical but I feel like if someone was less informed enough to sign an illegal lease before they will still be less informed enough to sign a non standard lease.Evil Baby wrote: ↑ They aren't but the less informed people are easily taken advantage of. On the surface, to me at least, this sounds like a good thing. That being said, I have zero skin the in the game so I could be horribly wrong.
I do remember when I was University years ago, my wife(gf then) rented a place in Oakville. The landlord had rules in her agreement that people weren't allowed to stay over night among other things. I was in Guelph so when I'd go visit her on the weekends we'd generally end up back in Niagara since I was 'allowed' to stay at her place overnight. I eventually convinced her that it was OK for me to stay there overnight, but I still had to park my car a few blocks over.
Feb 8th, 2018 9:01 am
Feb 8th, 2018 9:51 am
Feb 8th, 2018 10:27 am
Fair enough, especially for new Canadians, however I feel like the media coverage of this and at some point the standard form will become so commonplace that hopefully most renters will at least know of its existence.
Feb 8th, 2018 11:23 am
Feb 8th, 2018 11:25 am
Feb 8th, 2018 11:52 am
Clearly your not a landlord.Chickennbeans wrote: ↑ Interesting. You can provide rent discounts. Might be a good way to ensure good tenants while managing the stupid rent increase limits.
Set the rent high to begin with and:
- provide 3-months rent free for the first year, equalling a 25% discount
- provide an extra 2% discount for rent paid before it's due
Discount doesn't auto renew, and may not even necessarily be renewable without a new agreement upon which you could shift to a weekly or daily agreement, reducing notice to end tenancy to 28 days.
Also makes it easy to automatically exclude all utilities and consumptive services.
Feb 8th, 2018 12:03 pm
Chickennbeans is outlining what a lot of the slumlords will do to circumvent the restrictions on rental increases. Instead of setting rent at $1,000 and increasing it in compliance with the law each year, the landlords will set it at something like $3,000 and offer a $2,000 'discount' which they can revoke at will to gouge their clients. This sort of behavior is what caused the government to end the self-regulated free rent increase period and extend the rent control law to all properties instead of just the pre-91 ones, and it will continue to provoke reaction from the government in the form of harsher crackdowns on landlords.fryguy1987 wrote: ↑ Clearly your not a landlord.
As a landlord why would I want to provide someone with a discount to pay early? Unless I am cash poor and need the money desperately there is no reason whatsoever, and in that case you shouldn't be a landlord anyway. Who even does this? Does Rogers, Bell or your bank offer a discount to pay your monthly bill a few days early?
And why in the world would I want to provide someone with 3 months free rent unless I was struggling to rent out my unit? The bad applicants are going to apply regardless anyways. As a landlord it's my job to weed out the bad ones from the good ones thru proper screening