Landlords in Hamilton and the surrounding areas are bound by the laws and requirements outlined in the Residential Tenancies Act. The Landlord and Tenant Board enforces this act and resolves disputes between tenants and landlords if someone makes a claim.
The lease agreement you sign with your tenants is an important legal contract. It should protect you and your Hamilton rental property, and it should also protect the rights and safety of your residents. Make sure you use a tenancy agreement that’s compatible and in compliance with the Residential Tenancies Act.
Vacancies are one of the largest and most inconvenient expenses that landlords face. When your rental property is vacant, you aren’t bringing in any income, and you’re also required to pay for things like utilities, landscaping, and general cleaning and upkeep while you’re looking for a tenant.
To effectively maintain your rental property and protect the condition of your investment, you need an efficient and effective process in place for your tenants to request maintenance. You don’t want your tenants to be shy about letting you know that a repair is needed. If they ignore the small issues, those problems will only grow into larger, more complex, and ultimately more expensive repairs.
Most tenants expect that rent will be increased year to year, when they renew their lease agreements. However, Hamilton landlords cannot raise the rent arbitrarily or excessively. There are several legal issues that need to be considered, and today we’re talking about how to increase your rent without gaining the approval of the Landlord and Tenant Board.
Nonpayment of rent is one of the reasons that landlords are allowed to evict tenants in Hamilton. But, you don’t want to rush right to eviction if a tenant is late paying rent. Instead, we have some ideas about how to ensure your rent is paid on time. The eviction option will always be available to you, but try these tips and tricks first.