Articles and posts related to landlord insurance and rental properties
Since April 30, 2018, all landlords in Ontario will be required to use the new standard lease agreement developed by the Ontario government. This initiative aims to streamline the rental process and ensure fairness and transparency for both landlords and tenants. Access the standardized lease here: Click here for Ontario’s Standard Residential Tenancy Agreement Why … Read more
Ontario Student Rental Housing Regulations and Insurance Guide As the rental housing market grows, many cities in Ontario are implementing stricter regulations to ensure compliance with local rental bylaws. This is particularly important for landlords renting to students, as student housing requires specific attention to safety standards and legal requirements. If you’re looking for student … Read more
On March 31st, 2024, the City of Toronto embarked on an ambitious initiative, unveiling a comprehensive framework for what is commonly known as rooming houses, or multi-tenant houses. This move aims to enrich the diversity of housing options available in all neighborhoods throughout Toronto, while ensuring these accommodations are well-maintained, secure, and affordable. Key Elements … Read more
On December 16 2021, City Council approved implementation of a vacant home tax in Toronto starting in January 2022. How The City of Toronto will Define a Vacant Home The city of Toronto will consider the home vacant if it has been unoccupied for more than six months during the previous calendar year. Exemptions apply: … Read more
The City of Hamilton yesterday August 10th 2021 voted in favour of a motion to implement a rental housing licensing pilot for wards 1,8 and 14. Where are Wards 1, 8 and 14? Ward 1: covers the area primarily close to McMaster University Ward 8 & 14: covers the area primarily close to Mohawk College. … Read more
We hope this article finds you well and that you and your family are safe in this unprecedented time. Landlord Insurance & Rental Income Landlords have called us to ask if having rental income insurance will cover tenants who are either refusing to pay rent or defaulting due to COVID 19 crisis. First, to answer … Read more
As a landlord renting to students, you’re likely familiar with the seasonal downtime when your property might sit vacant during the summer months. Even with a 12-month lease, students often leave from May to August, paying rent while the house remains empty. This can present a unique challenge for student landlords, as traditional insurance policies … Read more
Protect Your Basement: Toronto’s Subsidy for Backflow Valves and Sump Pumps As extreme weather becomes more common, Toronto residents face increased risks of basement flooding, especially during heavy rainfall. When sewers become overloaded, homeowners need to take action to protect their properties. Fortunately, the City of Toronto offers a Basement Flooding Protection Subsidy Program to … Read more