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Key responsibilities for first-time landlords in Toronto!

Author: 
Tolobi Rental Team
Publication date:
October 28, 2022
Article Summary: 

This article outlines key responsibilities for first-time landlords in Toronto. The article explains that the Residential Tenancies Act (RTA) and the Landlord Tenant Board (LTB) are the two most common acronyms that landlords should understand. The article further explains how landlords should choose their tenants using income information, credit checks, references, rental history, and guarantors, while complying with the Ontario Human Rights Code. The article also outlines the vital services that landlords should provide to their tenants and how they should enter their tenants' units, while complying with the RTA. It further explains how landlords should maintain their rental property, and their rights and obligations when it comes to pets and rents.

Keywords: 

RTA, LTB, tenant selection, vital services, entry, maintenance, pets, and rents.

Source Citation: 
Tolobi Rental Team
Key responsibilities for first-time landlords in Toronto!
October 28, 2022
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by Stratastic

A 10-unit condominium doesn't have 10% of the responsibilities of a 100-unit condominium.

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