Legal and Rental Resources for Ontario Condo Owners & Landlords

There is pricing, listing prep, photography, MLS exposure, inquiry handling, showing coordination, application review, screening, lease paperwork, and all the back-and-forth that comes with getting a tenant from “interested” to “signed.”

Insurance is one of the easier things for rental owners to underthink until a claim lands in the middle of a tenancy.

The corporation’s insurance generally covers the building, common elements, and standard units, while the owner’s policy is usually there for contents, improvements, personal liability, and certain chargebacks or deductible-related exposures.

Buying a condo as a rental investment can be a smart move. Actually running it is where most owners hit a wall.

Ontario sets an annual rent increase guideline that limits how much landlords can raise rent for most residential units without Landlord and Tenant Board approval. For many condo landlords, this is one of the most important rules to get right because timing, notice, and form errors can make a rent increase invalid.

If you own a rental property in Ontario, lease agreements and renewals can influence rent, vacancy risk, tenant stability, and the amount of follow-up you, as the owner, need to manage.

If you rent out a condo in Ontario, the Residential Tenancies Act, 2006 (RTA) is one of the main laws that governs your relationship with your tenant. It sets the rules around leases, rent, repairs, entry, notices, and dispute resolution.

A landlord may have a valid issue, but if the wrong notice is used, the notice period is calculated incorrectly, or the document is served the wrong way, the Landlord and Tenant Board can dismiss or delay the case. In many situations, the right notice is the first step before a landlord can file an application.