THE SUCCESSFUL LANDLORD’S GUIDE Education is the path that leads to being a suc

THE SUCCESSFUL LANDLORD’S GUIDE Education is the path that leads to being a successful Landlord An Introduction On How To Start Out the Right Way As A Landlord 1 Sponsored by The Canada Landlord Associations Network TABLE OF CONTENTS Page A Landlord's Responsibilities & Rights.......................................... 3 Conducting Background Checks ................................................... 4 Know the Tenancy Laws in Your Area ........................................... 4 How to Resolve Tenant Disputes..................................................... 5-6 Costly Legal Mistakes that Can Sink a Landlord Business........... 7-8 Tips on Being a Successful Landlord............................................. 9-10 How to Retain Tenants & Improve Your Bottom Line.................... 12 What Do Tenants Want...................................................................... 13 What Is Your Criteria for Prospective Tenant ..................................14 Education for Landlord & Tenants.....................................................15 2 Reporting Tenant Pay Habits Reduces Income Loss ..................... 16 Successful Landlord’s Checklist....................................................... 17 This guide is only an introduction to becoming a landlord. For more information see our detailed Landlord Manuals and 5 Part CD Series by upgrading your membership. A Landlord’s Responsibilities A L a n d l o r d ’ s m a i n r e s p o n s i b i l i t y i s t o p r o v i d e a s a f e a n d l i v e a b l e d w e l l i n g . T h e d w e l l i n g s h o u l d i n c l u d e : We a t h e r a n d w a t e r p r o o fi n g s y s t e m s A w o r k i n g p l u m b i n g s y s t e m H o t a n d c o l d r u n n i n g w a t e r A w o r k i n g h e a t i n g s y s t e m A w o r k i n g e l e c t r i c a l s y s t e m N o i n f e s t a t i o n s o f i n s e c t s a n d r o d e n t s S u ffi c i e n t t r a s h c a n s F l o o r s , s t a i r w a y s a n d r a i l i n g s i n g o o d r e p a i r N a t u r a l l i g h t i n g i n e v e r y r o o m Wo r k i n g w i n d o w s o r p r o p e r m e c h a n i c a l v e n t i l a t i o n S a f e e m e r g e n c y e x i t s Wo r k i n g s e c u r i t y l o c k s a t m a i n e n t r a n c e Wo r k i n g s e c u r i t y d e v i c e s o n w i n d o w s Wo r k i n g s m o k e d e t e c t o r s A Landlord’s Rights 3 E v e r y L a n d l o r d h a s t h e r i g h t t o e x p e c t a T e n a n t t o f o l l o w t h e g e n e r a l a n d l e g a l t e r m s o f t h e R e n t a l A g r e e m e n t ( l e a s e ) , a s w e l l a s t e n a n c y l a w s t h a t a r e e s t a b l i s h e d b y e a c h i n d i v i d u a l S t a t e T h e f o l l o w i n g a r e t h e m o s t s t a n d a r d l e g a l t e r m s f o u n d i n a R e n t a l A g r e e m e n t o r l e a s e : A m o u n t o f r e n t , d a t e d u e a n d l e n g t h o f r e n t a l t e r m M a i n t e n a n c e a n d c l e a n l i n e s s o f d w e l l i n g R e s p e c t t h e r i g h t s o f n e i g h b o u r s T e n a n t t o p a y c o s t o f r e p a i r s d u e t o n e g l e c t o r d a m a g e M a k e s u r e y o u u s e a p r o f e s s i o n a l l e a s e t e m p l a t e t h a t p r o t e c t s y o u a s a l a n d l o r d . S O M E L E A S E I S S U E S WI L L S U R P R I S E Y O U ! L i m i t n u m b e r o f o c c u p a n t s – D o y o u k n o w y o u r l o c a l b y l a w s ? P e t p o l i c i e s – S o m e p r o v i n c e s d o n ' t a l l o w ' n o p e t s ' c l a u s e s , o t h e r s d o . S m o k i n g p o l i c i e s – A r e y o u g o i n g t o r u n a s m o k e - f r e e h o m e ? ALWAYS Conduct Background Checks - Credit & References E x p e r i e n c e d l a n d l o r d s k n o w h i g h r i s k r e n t e r s u s e L a n d l o r d s a s a r e v o l v i n g l i n e o f c r e d i t a r e a c c o m p l i s h e d a t g i v i n g a g o o d i m p r e s s i o n a n d c a n f o o l e v e n t h e m o s t e x p e r i e n c e d L a n d l o r d s . A l w a y s a s k f o r r e f e r e n c e s a n d t a k e t i m e t o f o l l o w u p o n t h e m . C r e d i t r e p o r t s a r e a c r i t i c a l p a r t o f t h e b uploads/Finance/ the-successful-landlord-x27-s-guide.pdf

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• Publié le Sep 24, 2022
• Catégorie Business / Finance
• Langue French
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