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What percentage of rent discount from FMV your good long term tenants are enjoying today?
The regulations in Ontario on rent control and no backing out (unless N12 and N13) has effectively frozen the rent of long term tenants. Although some of us attach a value (as a percentage of discount from fair market rent today) to good ...
- rfduser123
- Nov 12th, 2023 8:21 am
- Forum: Real Estate
- Real Estate
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Nov 12th, 2023 8:21 am
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Tenant has been paying rent on time for almost 2 years but can’t pay now
She has been a good tenant but told me not to cash the check for this month. Claims that she needs the money from her previous house sale which is tied up in divorce lawyers trust right now. This checks out since I knew about the divorce and house sale when renting to her 2 years ago. But if she has...
- lolbeast
- Nov 11th, 2023 1:43 pm
- Forum: Real Estate
- Real Estate
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Nov 11th, 2023 1:43 pm
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BC 3.5% rent increase for 2024
Oct 1 2022: sign a one year leaseOct 1 2023: month to month with 2% increaseWill my rent be the new 3.5% on Jan 1 or would it be Oct 1 2024?This isn't clearhttps://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/during-a-tenancy/rent-increases#when
- Seks
- Nov 4th, 2023 12:24 pm
- Forum: Real Estate
- Real Estate
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Nov 4th, 2023 12:24 pm
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Average rent in Canada hits record high of $2,117 in August
Reading the title of the news article i was a bit shocked at the record high rent reported in Canada, yes i know some major cities are high however when averaged out across the country and smaller communities i thought that number would be more realistic. Article ...
- Ballroomblitz1
- Sep 13th, 2023 1:59 pm
- Forum: Real Estate
- Real Estate
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Sep 13th, 2023 1:59 pm
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London man hasn't paid rent in 2 years, hopes to again beat landlord at tribunal
https://www.cbc.ca/news/canada/london/tenant-rent-accommodation-london-ontario-1.6950778 A 61-year-old London, Ont., man who hasn't paid rent in two years will be before Ontario's Landlord and Tenant Board (LTB) for a second time, in November, ...
- CANbike
- Aug 30th, 2023 2:28 pm
- Forum: Real Estate
- Real Estate
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Aug 30th, 2023 2:28 pm
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if tenant agrees to rent increase by email, do i still have to issue N1 form to tenant ?
hello allMy tenant agrees to rent increase by email, do i still have to issue N1 form to tenant ? or would email record be good enough? thanks for advices
- coolmanfever
- Aug 21st, 2023 10:09 pm
- Forum: Real Estate
- Real Estate
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Aug 21st, 2023 10:09 pm
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Landlord wants to increase rent by 7%. Can we dispute?
The landlord’s realtor called us to notify us that they want to increase the rent by almost 7%, We know the limit is 2.5% for many properties but unfortunately the townhouse was occupied fall last year and we are the first tenants, the realtor said the increase ...
- Justhappy
- Aug 20th, 2023 7:17 pm
- Forum: Real Estate
- Real Estate
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Aug 20th, 2023 7:17 pm
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proper procedures to convert annual lease to month to month rental with rent increase?
hello all, my tenant was leasing my condo unit for a year on an annual contract. Once his one year lease ends , I would like to rent out my unit to him by month to month basis. Additionally, I will increase his rent by 2.5% as per tenant law. What is the proper procedures I should do to ...
- coolmanfever
- Aug 12th, 2023 10:06 pm
- Forum: Real Estate
- Real Estate
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Aug 12th, 2023 10:06 pm
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Man tries to drive EV from MB to Chicago. He had to rent ICE!
This man tried to drive his EV from MB to Chicago but was unable to charge up. So he ended up renting ICE to finish his trip! https://www.cbc.ca/news/canada/manitoba/electric-vehicle-trip-charging-infrastructure-1.6932074 “The trouble started at his next stop in Albertville, Minn., where Bala said t...
- UrbanPoet
- Aug 10th, 2023 7:39 pm
- Forum: Automotive
- Automotive
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Aug 10th, 2023 7:39 pm
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N4 evict tenant for non payment of rent
So dealing with a tenant who decided to randomly stop paying rent and ignore my messages for the past two months. I’m going to submit the N4 tomorrow. Anyone else currently dealing with this and know what the current wait times for a hearing is? Also, ...
- jamieee
- Aug 3rd, 2023 4:17 pm
- Forum: Real Estate
- Real Estate
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Aug 3rd, 2023 4:17 pm
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Looking to rent out land for commercial purposes
What is the best place to look for tenants? I've only come across LoopNet. And the other option I know of is Craigslist.Also interested in talking to realtors about this.
- gtariderjot
- Aug 2nd, 2023 6:01 pm
- Forum: Real Estate
- Real Estate
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Aug 2nd, 2023 6:01 pm
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[Once] 2023/08/16 blogTO "Win one free month of rent in Toronto from Chexy" [ON only]
Prize: One (1) lucky blogTO reader will have their rent covered by Chexy for September 2023 Enter: https://www.blogto.com/contests/win-free-month-rent-toronto-chexy/ Rules: https://www.blogto.com/contests/terms-conditions/ Entrants must also provide ...
- Sanforized
- Jul 28th, 2023 10:32 am
- Forum: Expired Contests
- Expired Contests
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Jul 28th, 2023 10:32 am
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How much should I rent my basement for approx. after I get it constructed?
... house in Waterdown, Hamilton (near Burlington). I am planning to get the second suite constructed in my basement. I want to figure out how much rental income can I earn to support my mortgage payments. The basement is approx. 1100 sqft. or could be a little more as I haven't measured it. I think ...
- Lp1234
- Jul 7th, 2023 12:17 pm
- Forum: Real Estate
- Real Estate
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Jul 7th, 2023 12:17 pm
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[Amazon.ca] Rent popular movies for 2.99 or less
The latest ‘Prime Day Deals’ includes $2.99 or less for popular movie rentals from Prime Video.Other highlighted new releases for $2.99 or less include some of the following films:- SAZAM: FURY OF GODS- PUSS IN BOOTS- TOPGUN MAVRICK- 65- THE WHALE- BABYLONAnd more.
- Majhail06
- Jun 30th, 2023 7:14 pm
- Forum: Expired Hot Deals
- Expired Hot Deals
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Jun 30th, 2023 7:14 pm
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2024 rent increase Ontario 2.5%
https://news.ontario.ca/en/release/1003223/ontario_capping_rent_increases_below_the_rate_of_inflation
- rb
- Jun 30th, 2023 2:33 pm
- Forum: Real Estate
- Real Estate
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Jun 30th, 2023 2:33 pm
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Terminating Rental Agreement Mid-Month - Any issues?
Hi all, I've been renting a condo for 3 years (currently month to month, with rent due on 1st of each month). I just gave my landlord a 60 day notice (75 days infact). That would mean I'm moving out mid-September. The landlord is insisting ...
- Arrowhead
- Jun 28th, 2023 11:49 am
- Forum: Real Estate
- Real Estate
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Jun 28th, 2023 11:49 am
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Rent Increase of Basement Tenant
Hi, What is the rule to increase the rent of my basement tenant in Durham region. I have not increased rent for 5 years. Current tenant is paying $1500. How much rent can increase legally? and Can it be increased every year?
- kenny_gua
- Jun 26th, 2023 10:41 am
- Forum: Real Estate
- Real Estate
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Jun 26th, 2023 10:41 am
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Why house price and rent will not come down?
Over the span of a mere couple of years, the influx of newcomers has reached a staggering approximate figure of one million individuals, with an estimated 40% of them choosing to settle in Ontario. Given the rapidity of this demographic shift, it appears implausible for the housing supply to ever ca...
- freemoney118
- Jun 23rd, 2023 9:38 am
- Forum: Real Estate
- Real Estate
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Jun 23rd, 2023 9:38 am
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Rental income vs Rent I need to pay
I have a hypothetical. Someone owns a 1M house outright. If they live in the house, they pay no tax. But if they choose to rent the house for $4000 and then rent the neighbors identical house for $4000, they will essentially need to pay tax on $4000x12 ($48,000 less expenses). Is this ...
- mtnickel
- Jun 11th, 2023 12:55 pm
- Forum: Personal Finance
- Personal Finance
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Jun 11th, 2023 12:55 pm
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Is it true any properties built after nov 15 2018 are exempt from rent control in ontario?
Is it true any properties built after nov 15 2018 are exempt from rent control in ontario? Therfore landlords can raise rent to whatever they feel like?
- coolmanfever
- Jun 4th, 2023 11:39 pm
- Forum: Real Estate
- Real Estate
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Jun 4th, 2023 11:39 pm