question for landlords

[chen0289]

my current tenants won't be renewing their lease and it ends July 1st 2012, when should I start to look for new tenants? should I be putting up ads now? would the current tenants be fine with my showing the house around 6month before the lease is even up? Obviously I would talk to them about it, but would like to know what other landlord do in this situation.

[Maymybonneliveforever]

When I was in that situation I first asked the tenants if they minded me having people walk through there place re renting. If they had no problems or time period I advertised 3 months in advance. If they did then I worked with them.

[Beeg]

my current tenants won't be renewing their lease and it ends July 1st 2012, when should I start to look for new tenants? should I be putting up ads now? would the current tenants be fine with my showing the house around 6month before the lease is even up? Obviously I would talk to them about it, but would like to know what other landlord do in this situation.

The next thing you should do is to protect yourself legally to make sure they move out.

For example, what if you find new tenants in May to move in for July 1st, 2012...and the current tenants change their minds and decide to stay. You can't call the police or 'kick them out.' I've seen this happen.

Have them fill out a Form N11.

http://www.ltb.gov.on.ca/stdprodcons...l02_111574.pdf

[Shaner]

Just because they refuse to sign another lease doesn't mean they are moving out. Have they actually told you they're moving out? Have they given you notice in writing?

If I was your tenant, I would not be okay with you showing the place 6 months out. That's potentially 6 months of people coming in to view the place, that's excessive.

[Beeg]

Just because they refuse to sign another lease doesn't mean they are moving out.

That's a good point. Many landlords don't know that under the current Ontario law tenants don't have to leave when the lease is over.

[chen0289]

That's a good point. Many landlords don't know that under the current Ontario law tenants don't have to leave when the lease is over.

what happens after the lease is over? automatically be month to month? so if they hand me another month of rent I have to legally let them stay?

[peelhic]

what happens after the lease is over? automatically be month to month? so if they hand me another month of rent I have to legally let them stay?

yup... sounds like someone didn't do their homework before becoming a landlord.

[Shaner]

what happens after the lease is over? automatically be month to month? so if they hand me another month of rent I have to legally let them stay?

Are you joking? You're a landlord and you just assumed that your tenant was going to leave because the lease was up? Of course you need to let them stay. You can't evict them just because the lease is up, nor can you make them sign another lease. Maybe you should know this stuff before you rent to anyone else in the future.

[piggylord]

Haha...sorry, no offence, but had to laugh.

yah...OP better read through landlord's responsiblity in Ontario and how rental business work.

Also, totally not related to the actual question, but related to rental biz. Assuming the rental unit is not OP's
primary residence, I'd suggest getting the rental unit insured by a different insurance company. I learned it the hard way
that the claim-free credit offered by insurance company is really based on the insuree, not the property being insured. My tenant
burned down the kitchen. I'm seeing a huge increase in both my rental unit insurance premium as well as my own house's premium.

[chen0289]

Are you joking? You're a landlord and you just assumed that your tenant was going to leave because the lease was up? Of course you need to let them stay. You can't evict them just because the lease is up, nor can you make them sign another lease. Maybe you should know this stuff before you rent to anyone else in the future.

no wasn't joking hehe... live and learn, however I didn't become a landlord by choice believe me long story...

should I join ontariolandlord.ca's membership or are there better sites out there?